Guinea-Bissau - 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 Guinea-Bissau was 0.373 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.489 in 2011 and a minimum value of 0.288 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 0.433
1991 0.420
1992 0.358
1993 0.358
1994 0.338
1995 0.342
1996 0.320
1997 0.293
1998 0.310
1999 0.329
2000 0.288
2001 0.292
2002 0.309
2003 0.344
2004 0.364
2005 0.373
2006 0.357
2007 0.396
2008 0.469
2009 0.431
2010 0.417
2011 0.489
2012 0.455
2013 0.465
2014 0.452
2015 0.378
2016 0.379
2017 0.384
2018 0.412
2019 0.371
2020 0.373

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