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

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 Israel 1.12 2020
2 Qatar 0.56 2020
3 United Arab Emirates 0.54 2020
4 Kuwait 0.52 2020
5 Turkmenistan 0.47 2019
6 Bahrain 0.47 2020
7 Oman 0.47 2020
8 Iraq 0.44 2020
9 Yemen 0.44 2013
10 Saudi Arabia 0.43 2020
11 Jordan 0.41 2020
12 Lebanon 0.38 2020
13 Turkey 0.31 2020
14 Afghanistan 0.25 2020
15 Pakistan 0.25 2020
16 Kyrgyz Republic 0.24 2020
17 Uzbekistan 0.23 2020
18 Tajikistan 0.22 2020
19 Iran 0.18 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