Liberia - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Liberia was 0.431 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 0.560 in 2012 and a minimum value of 0.296 in 2002.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
2000 0.309
2001 0.304
2002 0.296
2003 0.335
2004 0.381
2005 0.372
2006 0.394
2007 0.429
2008 0.494
2009 0.477
2010 0.502
2011 0.546
2012 0.560
2013 0.539
2014 0.522
2015 0.550
2016 0.518
2017 0.461
2018 0.449
2019 0.439
2020 0.431

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 Liberia was 0.431 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 0.560 in 2012 and a minimum value of 0.296 in 2002.

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
2000 0.309
2001 0.304
2002 0.296
2003 0.335
2004 0.381
2005 0.372
2006 0.394
2007 0.429
2008 0.494
2009 0.477
2010 0.502
2011 0.546
2012 0.560
2013 0.539
2014 0.522
2015 0.550
2016 0.518
2017 0.461
2018 0.449
2019 0.439
2020 0.431

PPP conversion factor, private consumption (LCU per international $)

The value for PPP conversion factor, private consumption (LCU per international $) in Liberia was 0.514 as of 2018. As the graph below shows, over the past 17 years this indicator reached a maximum value of 0.598 in 2011 and a minimum value of 0.287 in 2001.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
2001 0.287
2002 0.323
2003 0.348
2004 0.366
2005 0.392
2006 0.408
2007 0.442
2008 0.500
2009 0.539
2010 0.569
2011 0.598
2012 0.570
2013 0.554
2014 0.523
2015 0.525
2016 0.484
2017 0.426
2018 0.514

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity