Congo - 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 Congo was 0.510 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.655 in 2011 and a minimum value of 0.200 in 1998.

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 0.373
1991 0.343
1992 0.352
1993 0.318
1994 0.217
1995 0.245
1996 0.277
1997 0.250
1998 0.200
1999 0.244
2000 0.305
2001 0.249
2002 0.254
2003 0.286
2004 0.357
2005 0.421
2006 0.459
2007 0.520
2008 0.635
2009 0.471
2010 0.575
2011 0.655
2012 0.619
2013 0.640
2014 0.637
2015 0.528
2016 0.534
2017 0.512
2018 0.648
2019 0.594
2020 0.510

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