Guinea - 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 was 0.424 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.763 in 1992 and a minimum value of 0.308 in 2006.

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 0.694
1991 0.739
1992 0.763
1993 0.708
1994 0.688
1995 0.703
1996 0.692
1997 0.632
1998 0.572
1999 0.524
2000 0.433
2001 0.386
2002 0.377
2003 0.427
2004 0.428
2005 0.326
2006 0.308
2007 0.418
2008 0.437
2009 0.423
2010 0.407
2011 0.373
2012 0.399
2013 0.425
2014 0.436
2015 0.423
2016 0.352
2017 0.354
2018 0.373
2019 0.395
2020 0.424

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