Dem. Rep. 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 Dem. Rep. Congo was 0.476 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.906 in 2000 and a minimum value of 0.213 in 1999.

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 0.306
1991 0.333
1992 0.311
1993 0.457
1994 0.254
1995 0.239
1996 0.242
1997 0.266
1998 0.273
1999 0.213
2000 0.906
2001 0.353
2002 0.396
2003 0.377
2004 0.396
2005 0.421
2006 0.469
2007 0.497
2008 0.543
2009 0.494
2010 0.527
2011 0.579
2012 0.634
2013 0.608
2014 0.573
2015 0.549
2016 0.489
2017 0.441
2018 0.504
2019 0.507
2020 0.476

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