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

The value for Price level ratio of PPP conversion factor (GDP) to market exchange rate in Indonesia was 0.321 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.401 in 2011 and a minimum value of 0.104 in 1998.

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:

Year Value
1990 0.190
1991 0.189
1992 0.190
1993 0.215
1994 0.220
1995 0.227
1996 0.233
1997 0.207
1998 0.104
1999 0.150
2000 0.164
2001 0.151
2002 0.173
2003 0.195
2004 0.198
2005 0.202
2006 0.237
2007 0.257
2008 0.281
2009 0.282
2010 0.367
2011 0.401
2012 0.380
2013 0.360
2014 0.340
2015 0.325
2016 0.339
2017 0.351
2018 0.334
2019 0.336
2020 0.321

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity