Hungary - 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 Hungary was 0.483 as of 2020. As the graph below shows, over the past 29 years this indicator reached a maximum value of 0.761 in 2008 and a minimum value of 0.390 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
1991 0.403
1992 0.453
1993 0.461
1994 0.471
1995 0.489
1996 0.484
1997 0.468
1998 0.456
1999 0.441
2000 0.390
2001 0.399
2002 0.458
2003 0.544
2004 0.633
2005 0.656
2006 0.625
2007 0.730
2008 0.761
2009 0.631
2010 0.608
2011 0.618
2012 0.558
2013 0.559
2014 0.556
2015 0.475
2016 0.469
2017 0.496
2018 0.515
2019 0.499
2020 0.483

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