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

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 Djibouti 0.59 2020
2 Congo 0.51 2020
3 São Tomé and Principe 0.50 2020
4 Central African Republic 0.50 2020
5 Cabo Verde 0.48 2020
6 Dem. Rep. Congo 0.48 2020
7 Gabon 0.46 2020
8 Comoros 0.45 2020
9 Namibia 0.45 2020
10 Niger 0.44 2020
11 Liberia 0.43 2020
12 Côte d'Ivoire 0.43 2020
13 Guinea 0.42 2020
14 South Africa 0.42 2020
15 Mauritius 0.42 2020
16 Senegal 0.42 2020
17 Seychelles 0.42 2020
18 Morocco 0.42 2020
19 Botswana 0.41 2020
20 Togo 0.41 2020
21 Chad 0.41 2020
22 Kenya 0.41 2020
23 Nigeria 0.40 2020
24 Malawi 0.40 2020
25 Equatorial Guinea 0.40 2020
26 Cameroon 0.40 2020
27 Tanzania 0.39 2020
28 Ethiopia 0.39 2020
29 Eswatini 0.39 2020
30 Ghana 0.38 2020
31 Burkina Faso 0.38 2020
32 Guinea-Bissau 0.37 2020
33 Benin 0.37 2020
34 Mali 0.37 2020
35 Eritrea 0.36 2017
36 Rwanda 0.36 2020
37 Uganda 0.36 2020
38 Lesotho 0.36 2020
39 Somalia 0.35 2020
40 Mozambique 0.35 2020
41 Zimbabwe 0.34 2020
42 Libya 0.34 2020
43 The Gambia 0.34 2020
44 Tunisia 0.33 2020
45 Mauritania 0.32 2020
46 Burundi 0.31 2020
47 Madagascar 0.31 2020
48 Sierra Leone 0.29 2020
49 Algeria 0.29 2020
50 Zambia 0.28 2020
51 Egypt 0.28 2020
52 Angola 0.28 2020
53 Sudan 0.12 2020

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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