Mongolia - 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 Mongolia was 0.328 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.426 in 2012 and a minimum value of 0.121 in 1993.

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 0.351
1991 0.345
1992 0.206
1993 0.121
1994 0.140
1995 0.202
1996 0.180
1997 0.149
1998 0.136
1999 0.122
2000 0.127
2001 0.135
2002 0.140
2003 0.146
2004 0.161
2005 0.184
2006 0.223
2007 0.244
2008 0.292
2009 0.239
2010 0.349
2011 0.422
2012 0.426
2013 0.414
2014 0.376
2015 0.364
2016 0.341
2017 0.324
2018 0.337
2019 0.338
2020 0.328

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