Price level ratio of PPP conversion factor (GDP) to market exchange rate - Country Ranking

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: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Switzerland 1.21 2020
2 Cayman Islands 1.19 2020
3 Barbados 1.15 2020
4 Israel 1.12 2020
5 Iceland 1.11 2020
6 Norway 1.07 2020
7 Denmark 1.01 2020
8 United States 1.00 2020
9 Luxembourg 0.99 2020
10 Australia 0.97 2020
11 Finland 0.97 2020
12 Vanuatu 0.95 2020
13 Sweden 0.95 2020
14 Japan 0.95 2020
15 New Zealand 0.93 2020
16 Canada 0.93 2020
17 Puerto Rico 0.92 2020
18 Ireland 0.92 2020
19 Tuvalu 0.89 2020
20 Netherlands 0.88 2020
21 United Kingdom 0.88 2020
22 Palau 0.87 2020
23 Austria 0.87 2020
24 Solomon Islands 0.86 2020
25 Belgium 0.85 2020
26 Germany 0.84 2020
27 France 0.83 2020
28 Hong Kong SAR, China 0.78 2020
29 The Bahamas 0.77 2020
30 Antigua and Barbuda 0.77 2020
31 Italy 0.76 2020
32 San Marino 0.75 2019
33 Nauru 0.74 2020
34 St. Kitts and Nevis 0.72 2020
35 Spain 0.72 2020
36 Cyprus 0.70 2020
37 Korea 0.70 2020
38 Kiribati 0.69 2020
39 St. Lucia 0.69 2020
40 Tonga 0.69 2020
41 Uruguay 0.68 2020
42 Malta 0.67 2020
43 Portugal 0.65 2020
44 Macao SAR, China 0.65 2020
45 Dominica 0.65 2020
46 Papua New Guinea 0.64 2020
47 Slovenia 0.64 2020
48 Belize 0.64 2020
49 Greece 0.63 2020
50 Venezuela 0.63 2011
51 Trinidad and Tobago 0.62 2020
52 Slovak Republic 0.61 2020
53 Estonia 0.61 2020
54 Singapore 0.61 2020
55 China 0.61 2020
56 Grenada 0.61 2020
57 Samoa 0.60 2020
58 Djibouti 0.59 2020
59 St. Vincent and the Grenadines 0.57 2020
60 Latvia 0.56 2020
61 Qatar 0.56 2020
62 Czech Republic 0.55 2020
63 Costa Rica 0.55 2020
64 United Arab Emirates 0.54 2020
65 Chile 0.53 2020
66 Kuwait 0.52 2020
67 Lithuania 0.52 2020
68 Guatemala 0.52 2020
69 Peru 0.52 2020
70 Ecuador 0.51 2020
71 Congo 0.51 2020
72 São Tomé and Principe 0.50 2020
73 Jamaica 0.50 2020
74 Central African Republic 0.50 2020
75 Croatia 0.49 2020
76 Hungary 0.48 2020
77 Cabo Verde 0.48 2020
78 Dem. Rep. Congo 0.48 2020
79 Turkmenistan 0.47 2019
80 Panama 0.47 2020
81 Bahrain 0.47 2020
82 Oman 0.47 2020
83 Poland 0.46 2020
84 Brazil 0.46 2020
85 Gabon 0.46 2020
86 Mexico 0.45 2020
87 El Salvador 0.45 2020
88 Comoros 0.45 2020
89 Namibia 0.45 2020
90 Honduras 0.44 2020
91 Niger 0.44 2020
92 Iraq 0.44 2020
93 Yemen 0.44 2013
94 Liberia 0.43 2020
95 Saudi Arabia 0.43 2020
96 Côte d'Ivoire 0.43 2020
97 Guinea 0.42 2020
98 South Africa 0.42 2020
99 Mauritius 0.42 2020
100 Senegal 0.42 2020
101 Fiji 0.42 2020
102 Brunei 0.42 2020
103 Seychelles 0.42 2020
104 Morocco 0.42 2020
105 Botswana 0.41 2020
106 Jordan 0.41 2020
107 Argentina 0.41 2020
108 Togo 0.41 2020
109 Chad 0.41 2020
110 Haiti 0.41 2020
111 Kenya 0.41 2020
112 Bulgaria 0.41 2020
113 Dominican Republic 0.41 2020
114 Serbia 0.40 2020
115 Nigeria 0.40 2020
116 Romania 0.40 2020
117 Malawi 0.40 2020
118 Equatorial Guinea 0.40 2020
119 Cameroon 0.40 2020
120 Thailand 0.39 2020
121 Philippines 0.39 2020
122 Albania 0.39 2020
123 Bosnia and Herzegovina 0.39 2020
124 Tanzania 0.39 2020
125 Ethiopia 0.39 2020
126 Eswatini 0.39 2020
127 Montenegro 0.38 2020
128 Ghana 0.38 2020
129 Lebanon 0.38 2020
130 Paraguay 0.38 2020
131 Bangladesh 0.38 2020
132 Bolivia 0.38 2020
133 Burkina Faso 0.38 2020
134 Guinea-Bissau 0.37 2020
135 Malaysia 0.37 2020
136 Benin 0.37 2020
137 Mali 0.37 2020
138 Eritrea 0.36 2017
139 Rwanda 0.36 2020
140 Uganda 0.36 2020
141 Lesotho 0.36 2020
142 Colombia 0.36 2020
143 Guyana 0.35 2020
144 Somalia 0.35 2020
145 Moldova 0.35 2020
146 North Macedonia 0.35 2020
147 Cambodia 0.35 2020
148 Timor-Leste 0.35 2020
149 Mozambique 0.35 2020
150 Zimbabwe 0.34 2020
151 Nicaragua 0.34 2020
152 Libya 0.34 2020
153 Kazakhstan 0.34 2020
154 The Gambia 0.34 2020
155 Russia 0.34 2020
156 Mongolia 0.33 2020
157 Tunisia 0.33 2020
158 Vietnam 0.32 2020
159 Indonesia 0.32 2020
160 Armenia 0.32 2020
161 Lao PDR 0.32 2020
162 Belarus 0.32 2020
163 Mauritania 0.32 2020
164 Turkey 0.31 2020
165 Burundi 0.31 2020
166 Madagascar 0.31 2020
167 India 0.30 2020
168 Sierra Leone 0.29 2020
169 Suriname 0.29 2020
170 Algeria 0.29 2020
171 Azerbaijan 0.29 2020
172 Georgia 0.29 2020
173 Nepal 0.29 2020
174 Myanmar 0.29 2020
175 Ukraine 0.29 2020
176 Zambia 0.28 2020
177 Egypt 0.28 2020
178 Sri Lanka 0.28 2020
179 Angola 0.28 2020
180 Bhutan 0.27 2020
181 Afghanistan 0.25 2020
182 Pakistan 0.25 2020
183 Kyrgyz Republic 0.24 2020
184 Uzbekistan 0.23 2020
185 Tajikistan 0.22 2020
186 Iran 0.18 2020
187 Sudan 0.12 2020

More rankings: Africa | Asia | Central America & the Caribbean | Europe | Middle East | North America | Oceania | South America | World |

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