Ghana - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Ghana was 2.15 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 2.15 in 2020 and a minimum value of 0.02 in 1990.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.02
1991 0.02
1992 0.02
1993 0.03
1994 0.03
1995 0.05
1996 0.07
1997 0.08
1998 0.09
1999 0.10
2000 0.13
2001 0.17
2002 0.20
2003 0.26
2004 0.29
2005 0.32
2006 0.35
2007 0.40
2008 0.47
2009 0.54
2010 0.62
2011 0.70
2012 0.77
2013 0.88
2014 1.05
2015 1.27
2016 1.54
2017 1.76
2018 1.90
2019 2.03
2020 2.15

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 Ghana was 0.384 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.532 in 1991 and a minimum value of 0.234 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 0.517
1991 0.532
1992 0.487
1993 0.422
1994 0.365
1995 0.407
1996 0.410
1997 0.384
1998 0.394
1999 0.384
2000 0.234
2001 0.235
2002 0.256
2003 0.296
2004 0.318
2005 0.352
2006 0.381
2007 0.432
2008 0.449
2009 0.386
2010 0.437
2011 0.458
2012 0.420
2013 0.446
2014 0.361
2015 0.341
2016 0.395
2017 0.405
2018 0.415
2019 0.389
2020 0.384

PPP conversion factor, private consumption (LCU per international $)

The value for PPP conversion factor, private consumption (LCU per international $) in Ghana was 2.21 as of 2021. As the graph below shows, over the past 31 years this indicator reached a maximum value of 2.21 in 2021 and a minimum value of 0.02 in 1990.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.02
1991 0.03
1992 0.03
1993 0.03
1994 0.04
1995 0.06
1996 0.09
1997 0.11
1998 0.13
1999 0.13
2000 0.18
2001 0.25
2002 0.27
2003 0.34
2004 0.39
2005 0.43
2006 0.47
2007 0.51
2008 0.57
2009 0.68
2010 0.74
2011 0.78
2012 0.82
2013 0.95
2014 1.13
2015 1.34
2016 1.54
2017 1.75
2018 1.84
2019 1.94
2020 2.10
2021 2.21

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity