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 São Tomé and Principe 11,708.38 2016
2 Somalia 11,427.68 2011
3 Iran 8,196.23 2016
4 Vietnam 7,548.29 2016
5 Indonesia 4,084.98 2016
6 Guinea 3,109.58 2016
7 Lao PDR 3,087.08 2016
8 Paraguay 2,412.19 2016
9 Sierra Leone 2,220.18 2016
10 Cambodia 1,376.57 2016
11 Colombia 1,250.30 2016
12 Uganda 1,096.15 2016
13 Uzbekistan 959.13 2016
14 Korea 893.75 2016
15 Lebanon 868.26 2016
16 Madagascar 845.60 2016
17 Tanzania 688.85 2016
18 Mongolia 644.05 2016
19 Burundi 606.68 2016
20 Dem. Rep. Congo 540.95 2016
21 Chile 389.70 2016
22 Costa Rica 387.05 2016
23 Central African Republic 323.76 2016
24 Iraq 313.45 2016
25 Rwanda 289.74 2016
26 Myanmar 262.97 2016
27 Côte d'Ivoire 245.89 2016
28 Guinea-Bissau 235.93 2016
29 Gabon 234.72 2016
30 Togo 229.69 2016
31 Comoros 226.08 2016
32 Cameroon 225.39 2016
33 Senegal 219.75 2016
34 Niger 218.55 2016
35 Mali 217.16 2016
36 Benin 215.55 2016
37 Burkina Faso 209.61 2016
38 Equatorial Guinea 198.55 2016
39 Chad 197.50 2016
40 Armenia 196.25 2016
41 Malawi 184.12 2016
42 Congo 158.21 2016
43 Iceland 140.97 2016
44 Hungary 133.63 2016
45 Guyana 119.12 2016
46 Yemen 110.37 2016
47 Kazakhstan 104.19 2016
48 Vanuatu 102.41 2016
49 Japan 102.04 2016
50 Mauritania 100.35 2016
51 Djibouti 98.81 2015
52 Nigeria 93.91 2016
53 Angola 83.70 2016
54 Venezuela 72.44 2016
55 Jamaica 69.05 2016
56 Kenya 46.73 2016
57 Cabo Verde 45.53 2016
58 Sri Lanka 45.26 2016
59 Albania 43.16 2016
60 Serbia 41.01 2016
61 Nepal 31.23 2016
62 Bangladesh 29.65 2016
63 Pakistan 28.72 2016
64 Algeria 28.50 2016
65 Russia 25.33 2016
66 Haiti 24.98 2016
67 Syrian Arab Republic 21.32 2011
68 Uruguay 21.19 2016
69 Kyrgyz Republic 21.17 2016
70 Bhutan 20.90 2016
71 Dominican Republic 20.33 2016
72 Afghanistan 20.28 2016
73 Mozambique 19.61 2016
74 Macedonia 19.30 2016
75 Philippines 17.92 2016
76 India 17.42 2016
77 Mauritius 16.26 2016
78 Czech Republic 12.86 2016
79 The Gambia 12.34 2016
80 Thailand 12.31 2016
81 Honduras 11.36 2016
82 Nicaragua 11.09 2016
83 Norway 10.03 2016
84 Argentina 9.19 2016
85 Sweden 8.98 2016
86 Ethiopia 8.59 2016
87 Mexico 8.57 2016
88 Denmark 7.24 2016
89 Solomon Islands 7.16 2016
90 Moldova 7.09 2016
91 Seychelles 7.07 2016
92 Ukraine 6.74 2016
93 Namibia 6.10 2016
94 Eritrea 5.93 2011
95 South Africa 5.87 2016
96 Hong Kong SAR, China 5.78 2016
97 Macao SAR, China 5.61 2016
98 Lesotho 5.17 2016
99 Swaziland 4.88 2016
100 Botswana 4.44 2016
101 Guatemala 3.96 2016
102 Israel 3.78 2016
103 Morocco 3.60 2016
104 Croatia 3.49 2016
105 China 3.47 2016
106 Zambia 3.32 2016
107 Trinidad and Tobago 3.25 2016
108 Sudan 3.16 2016
109 Bolivia 2.96 2016
110 Egypt 2.54 2016
111 Suriname 2.44 2016
112 Tajikistan 2.09 2016
113 Brazil 1.99 2016
114 St. Lucia 1.95 2016
115 Dominica 1.95 2016
116 United Arab Emirates 1.90 2016
117 Papua New Guinea 1.87 2016
118 Grenada 1.87 2016
119 Barbados 1.76 2016
120 Poland 1.75 2016
121 Antigua and Barbuda 1.72 2016
122 St. Kitts and Nevis 1.70 2016
123 Qatar 1.69 2016
124 Samoa 1.65 2016
125 St. Vincent and the Grenadines 1.65 2016
126 Romania 1.64 2016
127 Peru 1.57 2016
128 Australia 1.47 2016
129 New Zealand 1.45 2016
130 Tonga 1.44 2016
131 Malaysia 1.42 2016
132 Ghana 1.39 2016
133 Saudi Arabia 1.38 2016
134 Turkey 1.34 2016
135 Turkmenistan 1.32 2016
136 The Bahamas 1.28 2016
137 Canada 1.27 2016
138 Switzerland 1.23 2016
139 Fiji 1.20 2016
140 Tuvalu 1.13 2016
141 Belize 1.12 2016
142 Kiribati 1.01 2016
143 United States 1.00 2016
144 Cayman Islands 0.96 2011
145 Georgia 0.91 2016
146 Finland 0.90 2016
147 Palau 0.88 2016
148 Luxembourg 0.88 2016
149 Singapore 0.83 2016
150 Puerto Rico 0.82 2013
151 Ireland 0.81 2016
152 Netherlands 0.80 2016
153 France 0.80 2016
154 Belgium 0.80 2016
155 Austria 0.80 2016
156 Germany 0.78 2016
157 Nauru 0.77 2016
158 Italy 0.72 2016
159 San Marino 0.71 2016
160 United Kingdom 0.69 2016
161 Bosnia and Herzegovina 0.69 2016
162 Tunisia 0.68 2016
163 Bulgaria 0.68 2016
164 Spain 0.66 2016
165 Timor-Leste 0.66 2016
166 Cyprus 0.65 2016
167 Libya 0.61 2011
168 Greece 0.61 2016
169 Malta 0.60 2016
170 Panama 0.59 2016
171 Slovenia 0.59 2016
172 Portugal 0.58 2016
173 Liberia 0.56 2016
174 Belarus 0.55 2016
175 Estonia 0.54 2016
176 Ecuador 0.53 2016
177 Zimbabwe 0.51 2016
178 Latvia 0.49 2016
179 El Salvador 0.49 2016
180 Slovak Republic 0.49 2016
181 Brunei 0.48 2016
182 Lithuania 0.45 2016
183 Montenegro 0.36 2016
184 Azerbaijan 0.36 2016
185 Cuba 0.32 2011
186 Jordan 0.32 2016
187 Bahrain 0.18 2015
188 Oman 0.15 2015
189 Kuwait 0.11 2016

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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