Comoros - 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 Comoros was 0.451 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.643 in 2008 and a minimum value of 0.359 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 0.608
1991 0.613
1992 0.596
1993 0.560
1994 0.408
1995 0.481
1996 0.476
1997 0.413
1998 0.410
1999 0.410
2000 0.359
2001 0.370
2002 0.401
2003 0.495
2004 0.548
2005 0.533
2006 0.539
2007 0.593
2008 0.643
2009 0.612
2010 0.584
2011 0.620
2012 0.559
2013 0.571
2014 0.557
2015 0.459
2016 0.445
2017 0.437
2018 0.454
2019 0.440
2020 0.451

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