PPP conversion factor, GDP (LCU per international $) - Country Ranking

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: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Somalia 11,427.68 2011
2 Iran 9,035.96 2017
3 Vietnam 7,788.91 2018
4 Indonesia 4,238.11 2018
5 Guinea 3,160.72 2018
6 Lao PDR 2,901.20 2018
7 Sierra Leone 2,643.88 2018
8 Paraguay 2,453.78 2018
9 Uzbekistan 1,445.25 2018
10 Cambodia 1,404.74 2018
11 Colombia 1,312.74 2018
12 Uganda 1,153.90 2018
13 Dem. Rep. Congo 977.82 2018
14 Lebanon 953.03 2018
15 Madagascar 929.90 2018
16 Korea 860.51 2018
17 Tanzania 741.25 2018
18 Mongolia 738.48 2018
19 Burundi 651.05 2018
20 Chile 404.85 2018
21 Iraq 395.51 2018
22 Costa Rica 392.70 2018
23 Central African Republic 307.43 2018
24 Rwanda 295.65 2018
25 Myanmar 290.17 2018
26 Equatorial Guinea 250.74 2018
27 Gabon 247.23 2018
28 Guinea-Bissau 240.31 2018
29 Côte d'Ivoire 226.61 2018
30 Cameroon 225.18 2018
31 Senegal 223.60 2018
32 Malawi 217.52 2018
33 Niger 216.34 2018
34 Mali 215.81 2018
35 Togo 212.60 2018
36 Congo 210.64 2018
37 Benin 206.52 2018
38 Chad 205.64 2018
39 Comoros 202.47 2018
40 Burkina Faso 200.22 2018
41 Armenia 196.69 2018
42 Yemen 195.84 2018
43 Hungary 140.41 2018
44 Iceland 138.33 2018
45 Angola 134.51 2018
46 Kazakhstan 121.32 2018
47 Guyana 119.69 2018
48 Nigeria 110.03 2018
49 Vanuatu 106.84 2018
50 Japan 101.37 2018
51 Djibouti 94.00 2011
52 Jamaica 73.98 2018
53 Kenya 49.97 2018
54 Sri Lanka 49.49 2018
55 Cabo Verde 45.56 2018
56 Albania 42.57 2018
57 Serbia 41.64 2018
58 Nepal 34.93 2018
59 Bangladesh 31.90 2018
60 Algeria 30.99 2018
61 Haiti 30.43 2018
62 Pakistan 29.30 2018
63 Russia 25.64 2018
64 Kyrgyz Republic 22.71 2018
65 Uruguay 22.52 2018
66 Dominican Republic 22.46 2018
67 Bhutan 21.81 2018
68 Syrian Arab Republic 21.32 2011
69 Mozambique 20.62 2018
70 North Macedonia 19.38 2018
71 Afghanistan 19.27 2018
72 Philippines 18.25 2018
73 India 18.10 2018
74 Mauritius 16.06 2018
75 Argentina 15.93 2018
76 The Gambia 13.20 2018
77 Czech Republic 12.62 2018
78 Thailand 12.34 2018
79 São Tomé and Principe 12.15 2018
80 Honduras 11.63 2018
81 Nicaragua 11.57 2018
82 Mauritania 10.22 2018
83 Norway 10.14 2018
84 Ethiopia 9.97 2018
85 Mexico 9.38 2018
86 Ukraine 9.10 2018
87 Sweden 8.92 2018
88 Seychelles 7.48 2018
89 Moldova 7.46 2018
90 Namibia 7.07 2018
91 Solomon Islands 7.02 2018
92 Denmark 6.96 2018
93 South Africa 6.16 2018
94 Eritrea 5.93 2011
95 Hong Kong SAR, China 5.91 2018
96 Macao SAR, China 5.68 2018
97 Venezuela 5.57 2014
98 Lesotho 5.35 2018
99 Eswatini 5.16 2018
100 Sudan 5.00 2018
101 Botswana 4.52 2018
102 Guatemala 4.04 2018
103 Zambia 3.81 2018
104 Israel 3.75 2018
105 Egypt 3.63 2018
106 Trinidad and Tobago 3.62 2018
107 China 3.54 2018
108 Morocco 3.51 2018
109 Croatia 3.39 2018
110 Bolivia 3.11 2018
111 Suriname 3.00 2018
112 Tajikistan 2.19 2018
113 Ghana 2.13 2018
114 United Arab Emirates 2.10 2018
115 Papua New Guinea 2.06 2018
116 St. Lucia 2.06 2018
117 Brazil 2.02 2018
118 Qatar 1.97 2018
119 Barbados 1.93 2018
120 Dominica 1.87 2018
121 Grenada 1.85 2018
122 Poland 1.78 2018
123 St. Kitts and Nevis 1.72 2018
124 Romania 1.72 2018
125 Antigua and Barbuda 1.68 2018
126 Samoa 1.66 2018
127 St. Vincent and the Grenadines 1.62 2018
128 Turkey 1.61 2018
129 Peru 1.58 2018
130 Saudi Arabia 1.58 2018
131 Tonga 1.49 2018
132 New Zealand 1.48 2018
133 Malaysia 1.44 2018
134 Australia 1.43 2018
135 Turkmenistan 1.26 2018
136 Canada 1.24 2018
137 Tuvalu 1.22 2018
138 Fiji 1.20 2018
139 Switzerland 1.19 2018
140 Belize 1.13 2018
141 The Bahamas 1.00 2018
142 United States 1.00 2018
143 Georgia 1.00 2018
144 Kiribati 0.95 2018
145 Cayman Islands 0.93 2017
146 Finland 0.88 2018
147 Luxembourg 0.87 2018
148 Singapore 0.86 2018
149 Palau 0.86 2018
150 Ireland 0.80 2018
151 Puerto Rico 0.80 2018
152 Netherlands 0.80 2018
153 Austria 0.79 2018
154 Belgium 0.78 2018
155 France 0.77 2018
156 Nauru 0.77 2018
157 Germany 0.76 2018
158 Tunisia 0.73 2018
159 Zimbabwe 0.71 2018
160 United Kingdom 0.70 2018
161 Bulgaria 0.70 2018
162 Italy 0.70 2018
163 Bosnia and Herzegovina 0.69 2018
164 San Marino 0.68 2017
165 Spain 0.65 2018
166 Belarus 0.64 2018
167 Cyprus 0.63 2018
168 Panama 0.61 2018
169 Malta 0.60 2018
170 Portugal 0.59 2018
171 Greece 0.58 2018
172 Slovenia 0.58 2018
173 Estonia 0.55 2018
174 Ecuador 0.54 2018
175 Brunei 0.53 2018
176 Liberia 0.52 2018
177 Latvia 0.50 2018
178 Slovak Republic 0.49 2018
179 El Salvador 0.49 2018
180 Libya 0.48 2018
181 Lithuania 0.46 2018
182 Azerbaijan 0.44 2018
183 Montenegro 0.36 2018
184 Cuba 0.32 2011
185 Jordan 0.32 2018
186 Timor-Leste 0.27 2018
187 Bahrain 0.19 2018
188 Oman 0.15 2018
189 Kuwait 0.14 2018

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Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: PPP rates provide a standard measure allowing comparison of real levels of expenditure between countries, just as conventional price indexes allow comparison of real values over time. PPP rates are calculated by simultaneously comparing the prices of similar goods and services among a large number of countries. In the most recent round of price surveys conducted by the International Comparison Program (ICP) in 2011, 199 economies participated. The PPP conversion factors come from three sources. For 47 high- and upper middle-income countries conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD). For the remaining 2011 ICP countries the PPP estimates are extrapolated from the 2011 ICP benchmark results, which account for relative price changes between each economy and the United States. Extrapolation for the GDP conversion factor uses the GDP implicit deflator. For countries that did not participate in the 2011 ICP round, the PPP estimates are imputed using a statistical model. More information on the results of the 2011 ICP is available at www.worldbank.org/data/icp.

Periodicity: Annual