Côte d'Ivoire - 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 Côte d'Ivoire was 0.426 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.509 in 2008 and a minimum value of 0.307 in 2000.

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 0.489
1991 0.459
1992 0.479
1993 0.464
1994 0.339
1995 0.410
1996 0.413
1997 0.369
1998 0.381
1999 0.357
2000 0.307
2001 0.312
2002 0.339
2003 0.411
2004 0.429
2005 0.422
2006 0.419
2007 0.459
2008 0.509
2009 0.485
2010 0.462
2011 0.503
2012 0.473
2013 0.501
2014 0.499
2015 0.424
2016 0.426
2017 0.437
2018 0.449
2019 0.419
2020 0.426

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