Guyana - 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 Guyana was 0.353 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.514 in 2016 and a minimum value of 0.340 in 1992.

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 0.437
1991 0.350
1992 0.340
1993 0.374
1994 0.402
1995 0.430
1996 0.444
1997 0.436
1998 0.420
1999 0.390
2000 0.397
2001 0.379
2002 0.376
2003 0.380
2004 0.387
2005 0.400
2006 0.410
2007 0.445
2008 0.476
2009 0.476
2010 0.492
2011 0.491
2012 0.513
2013 0.498
2014 0.494
2015 0.498
2016 0.514
2017 0.510
2018 0.481
2019 0.485
2020 0.353

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