Central African Republic - 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 Central African Republic was 0.499 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.808 in 1990 and a minimum value of 0.356 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 0.808
1991 0.752
1992 0.805
1993 0.710
1994 0.441
1995 0.528
1996 0.488
1997 0.424
1998 0.413
1999 0.406
2000 0.372
2001 0.356
2002 0.359
2003 0.429
2004 0.439
2005 0.444
2006 0.449
2007 0.486
2008 0.547
2009 0.518
2010 0.509
2011 0.545
2012 0.513
2013 0.515
2014 0.589
2015 0.480
2016 0.473
2017 0.494
2018 0.498
2019 0.475
2020 0.499

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