Mauritania - 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 Mauritania was 0.316 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.426 in 2011 and a minimum value of 0.207 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
1990 0.348
1991 0.367
1992 0.357
1993 0.281
1994 0.299
1995 0.287
1996 0.271
1997 0.270
1998 0.255
1999 0.237
2000 0.216
2001 0.209
2002 0.207
2003 0.219
2004 0.234
2005 0.260
2006 0.285
2007 0.314
2008 0.370
2009 0.332
2010 0.382
2011 0.426
2012 0.410
2013 0.400
2014 0.390
2015 0.363
2016 0.327
2017 0.311
2018 0.314
2019 0.313
2020 0.316

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