Dominica - 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 Dominica was 0.645 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.747 in 1999 and a minimum value of 0.644 in 2017.

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 0.650
1991 0.677
1992 0.691
1993 0.693
1994 0.730
1995 0.721
1996 0.731
1997 0.729
1998 0.739
1999 0.747
2000 0.735
2001 0.734
2002 0.728
2003 0.693
2004 0.700
2005 0.669
2006 0.665
2007 0.657
2008 0.654
2009 0.702
2010 0.696
2011 0.693
2012 0.689
2013 0.692
2014 0.671
2015 0.682
2016 0.676
2017 0.644
2018 0.651
2019 0.661
2020 0.645

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