Burundi - 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 Burundi was 0.310 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.416 in 1990 and a minimum value of 0.210 in 2003.

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 0.416
1991 0.395
1992 0.355
1993 0.320
1994 0.321
1995 0.370
1996 0.343
1997 0.383
1998 0.332
1999 0.299
2000 0.259
2001 0.250
2002 0.222
2003 0.210
2004 0.227
2005 0.266
2006 0.280
2007 0.280
2008 0.312
2009 0.329
2010 0.353
2011 0.366
2012 0.365
2013 0.347
2014 0.354
2015 0.363
2016 0.327
2017 0.328
2018 0.306
2019 0.291
2020 0.310

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