Burkina Faso - Price level ratio of PPP conversion factor (GDP) to market exchange rate

The value for Price level ratio of PPP conversion factor (GDP) to market exchange rate in Burkina Faso was 0.377 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.597 in 1990 and a minimum value of 0.274 in 2001.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States. PPP conversion factors are based on the 2011 ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.597
1991 0.535
1992 0.559
1993 0.503
1994 0.288
1995 0.335
1996 0.322
1997 0.282
1998 0.297
1999 0.330
2000 0.277
2001 0.274
2002 0.293
2003 0.349
2004 0.374
2005 0.377
2006 0.367
2007 0.399
2008 0.459
2009 0.442
2010 0.431
2011 0.473
2012 0.468
2013 0.468
2014 0.469
2015 0.381
2016 0.363
2017 0.360
2018 0.371
2019 0.351
2020 0.377

Statistical Concept and Methodology: The ratio of the PPP conversion factor to the market exchange rate - the national price level or comparative price level - measures differences in the price level at the gross domestic product (GDP) level. The price level index tends to be lower in poorer countries and to rise with income.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity