Lebanon - 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 Lebanon was 0.384 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.537 in 2012 and a minimum value of 0.264 in 1990.

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 0.264
1991 0.282
1992 0.295
1993 0.354
1994 0.387
1995 0.435
1996 0.449
1997 0.502
1998 0.524
1999 0.524
2000 0.502
2001 0.483
2002 0.499
2003 0.498
2004 0.479
2005 0.460
2006 0.450
2007 0.452
2008 0.477
2009 0.522
2010 0.519
2011 0.523
2012 0.537
2013 0.530
2014 0.512
2015 0.507
2016 0.493
2017 0.487
2018 0.502
2019 0.499
2020 0.384

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