Price level ratio of PPP conversion factor (GDP) to market exchange rate - Country Ranking - Central America & the Caribbean

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 Cayman Islands 1.19 2020
2 Barbados 1.15 2020
3 Puerto Rico 0.92 2020
4 The Bahamas 0.77 2020
5 Antigua and Barbuda 0.77 2020
6 St. Kitts and Nevis 0.72 2020
7 St. Lucia 0.69 2020
8 Dominica 0.65 2020
9 Belize 0.64 2020
10 Trinidad and Tobago 0.62 2020
11 Grenada 0.61 2020
12 St. Vincent and the Grenadines 0.57 2020
13 Costa Rica 0.55 2020
14 Guatemala 0.52 2020
15 Jamaica 0.50 2020
16 Panama 0.47 2020
17 El Salvador 0.45 2020
18 Honduras 0.44 2020
19 Haiti 0.41 2020
20 Dominican Republic 0.41 2020
21 Nicaragua 0.34 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