Malta - 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 Malta was 0.669 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.837 in 2008 and a minimum value of 0.562 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 0.769
1991 0.756
1992 0.776
1993 0.650
1994 0.667
1995 0.705
1996 0.687
1997 0.640
1998 0.642
1999 0.628
2000 0.568
2001 0.562
2002 0.576
2003 0.653
2004 0.705
2005 0.712
2006 0.717
2007 0.778
2008 0.837
2009 0.791
2010 0.759
2011 0.799
2012 0.745
2013 0.767
2014 0.779
2015 0.665
2016 0.645
2017 0.662
2018 0.693
2019 0.658
2020 0.669

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