Mali - 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 Mali was 0.367 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.474 in 1990 and a minimum value of 0.237 in 2001.

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 0.474
1991 0.417
1992 0.438
1993 0.413
1994 0.288
1995 0.363
1996 0.342
1997 0.311
1998 0.310
1999 0.283
2000 0.238
2001 0.237
2002 0.255
2003 0.277
2004 0.307
2005 0.320
2006 0.328
2007 0.364
2008 0.412
2009 0.405
2010 0.397
2011 0.459
2012 0.441
2013 0.444
2014 0.443
2015 0.370
2016 0.357
2017 0.369
2018 0.383
2019 0.363
2020 0.367

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