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 Iceland 1.28 2018
2 Norway 1.25 2018
3 Switzerland 1.22 2018
4 Cayman Islands 1.12 2017
5 Australia 1.11 2018
6 Denmark 1.10 2018
7 Israel 1.04 2018
8 Finland 1.04 2018
9 Luxembourg 1.03 2018
10 Sweden 1.03 2018
11 New Zealand 1.02 2018
12 The Bahamas 1.00 2018
13 United States 1.00 2018
14 Vanuatu 0.97 2018
15 Barbados 0.97 2018
16 Canada 0.96 2018
17 Ireland 0.95 2018
18 Netherlands 0.94 2018
19 United Kingdom 0.93 2018
20 Austria 0.93 2018
21 Belgium 0.92 2018
22 Japan 0.92 2018
23 France 0.91 2018
24 Tuvalu 0.91 2018
25 Germany 0.90 2018
26 Venezuela 0.89 2014
27 Solomon Islands 0.88 2018
28 Palau 0.86 2018
29 Italy 0.82 2018
30 Puerto Rico 0.80 2018
31 Korea 0.78 2018
32 San Marino 0.77 2017
33 Spain 0.76 2018
34 St. Lucia 0.76 2018
35 Hong Kong SAR, China 0.75 2018
36 Cyprus 0.74 2018
37 Uruguay 0.73 2018
38 Zimbabwe 0.71 2018
39 Kiribati 0.71 2018
40 Malta 0.71 2018
41 Macao SAR, China 0.70 2018
42 Portugal 0.70 2018
43 Dominica 0.69 2018
44 Greece 0.69 2018
45 Slovenia 0.69 2018
46 Grenada 0.68 2018
47 Costa Rica 0.68 2018
48 Tonga 0.68 2018
49 Estonia 0.65 2018
50 Samoa 0.65 2018
51 St. Kitts and Nevis 0.64 2018
52 Singapore 0.64 2018
53 Lebanon 0.63 2018
54 Chile 0.63 2018
55 Papua New Guinea 0.63 2018
56 Antigua and Barbuda 0.62 2018
57 Panama 0.61 2018
58 Dem. Rep. Congo 0.60 2018
59 Nauru 0.60 2018
60 St. Vincent and the Grenadines 0.60 2018
61 Latvia 0.59 2018
62 São Tomé and Principe 0.59 2018
63 Czech Republic 0.58 2018
64 Slovak Republic 0.58 2018
65 Guyana 0.58 2018
66 Fiji 0.58 2018
67 Jamaica 0.57 2018
68 United Arab Emirates 0.57 2018
69 Argentina 0.57 2018
70 Belize 0.56 2018
71 Brazil 0.55 2018
72 Central African Republic 0.55 2018
73 Qatar 0.54 2018
74 Ecuador 0.54 2018
75 Croatia 0.54 2018
76 Lithuania 0.54 2018
77 Seychelles 0.54 2018
78 Guatemala 0.54 2018
79 China 0.54 2018
80 Trinidad and Tobago 0.54 2018
81 Namibia 0.53 2018
82 Angola 0.53 2018
83 Djibouti 0.53 2011
84 Hungary 0.52 2018
85 Liberia 0.52 2018
86 Bahrain 0.51 2018
87 Kenya 0.49 2018
88 Poland 0.49 2018
89 Cabo Verde 0.49 2018
90 Mexico 0.49 2018
91 El Salvador 0.49 2018
92 Honduras 0.49 2018
93 Comoros 0.49 2018
94 Peru 0.48 2018
95 Mauritius 0.47 2018
96 Kuwait 0.47 2018
97 South Africa 0.47 2018
98 Haiti 0.47 2018
99 Ghana 0.46 2018
100 Dominican Republic 0.45 2018
101 Equatorial Guinea 0.45 2018
102 Bolivia 0.45 2018
103 Jordan 0.45 2018
104 Gabon 0.44 2018
105 Colombia 0.44 2018
106 Moldova 0.44 2018
107 Botswana 0.44 2018
108 Romania 0.44 2018
109 Guinea-Bissau 0.43 2018
110 Paraguay 0.43 2018
111 Montenegro 0.43 2018
112 Bulgaria 0.42 2018
113 Saudi Arabia 0.42 2018
114 Serbia 0.42 2018
115 Bosnia and Herzegovina 0.41 2018
116 Russia 0.41 2018
117 Côte d'Ivoire 0.41 2018
118 Armenia 0.41 2018
119 Cameroon 0.41 2018
120 Lesotho 0.40 2018
121 Senegal 0.40 2018
122 Suriname 0.40 2018
123 Albania 0.39 2018
124 Georgia 0.39 2018
125 Oman 0.39 2018
126 Brunei 0.39 2018
127 Eswatini 0.39 2018
128 Niger 0.39 2018
129 Bangladesh 0.39 2018
130 Mali 0.39 2018
131 Eritrea 0.39 2011
132 Togo 0.38 2018
133 Ethiopia 0.38 2018
134 Thailand 0.38 2018
135 Congo 0.38 2018
136 Morocco 0.37 2018
137 North Macedonia 0.37 2018
138 Benin 0.37 2018
139 Chad 0.37 2018
140 Yemen 0.37 2018
141 Nicaragua 0.37 2018
142 Burundi 0.37 2018
143 Zambia 0.36 2018
144 Turkmenistan 0.36 2018
145 Burkina Faso 0.36 2018
146 Malaysia 0.36 2018
147 Kazakhstan 0.35 2018
148 Guinea 0.35 2018
149 Libya 0.35 2018
150 Philippines 0.35 2018
151 Cambodia 0.35 2018
152 Vietnam 0.34 2018
153 Rwanda 0.34 2018
154 Mozambique 0.34 2018
155 Lao PDR 0.34 2018
156 Nigeria 0.34 2018
157 Nepal 0.33 2018
158 Ukraine 0.33 2018
159 Iraq 0.33 2018
160 Turkey 0.33 2018
161 Sierra Leone 0.33 2018
162 Kyrgyz Republic 0.33 2018
163 Tanzania 0.33 2018
164 Bhutan 0.32 2018
165 Uganda 0.32 2018
166 Belarus 0.31 2018
167 Sri Lanka 0.30 2018
168 Mongolia 0.30 2018
169 Indonesia 0.30 2018
170 Malawi 0.30 2018
171 Myanmar 0.29 2011
172 Mauritania 0.29 2018
173 Madagascar 0.28 2018
174 Tunisia 0.28 2018
175 The Gambia 0.27 2018
176 Iran 0.27 2017
177 Afghanistan 0.27 2018
178 Pakistan 0.27 2018
179 Timor-Leste 0.27 2018
180 Algeria 0.27 2018
181 Azerbaijan 0.26 2018
182 India 0.26 2018
183 Tajikistan 0.24 2018
184 Egypt 0.21 2018
185 Sudan 0.20 2018
186 Uzbekistan 0.18 2018

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