Chile - 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 Chile was 0.527 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.720 in 2011 and a minimum value of 0.431 in 2002.

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 0.554
1991 0.567
1992 0.597
1993 0.579
1994 0.614
1995 0.696
1996 0.669
1997 0.666
1998 0.606
1999 0.553
2000 0.532
2001 0.459
2002 0.431
2003 0.440
2004 0.525
2005 0.596
2006 0.601
2007 0.620
2008 0.652
2009 0.632
2010 0.705
2011 0.720
2012 0.714
2013 0.706
2014 0.644
2015 0.598
2016 0.587
2017 0.613
2018 0.618
2019 0.580
2020 0.527

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