El Salvador - 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 El Salvador was 0.451 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.524 in 2012 and a minimum value of 0.312 in 1990.

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 0.312
1991 0.325
1992 0.328
1993 0.348
1994 0.374
1995 0.407
1996 0.426
1997 0.432
1998 0.446
1999 0.444
2000 0.448
2001 0.453
2002 0.453
2003 0.458
2004 0.458
2005 0.463
2006 0.469
2007 0.476
2008 0.484
2009 0.480
2010 0.487
2011 0.505
2012 0.524
2013 0.510
2014 0.496
2015 0.488
2016 0.473
2017 0.463
2018 0.459
2019 0.456
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