Nicaragua - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Nicaragua was 11.75 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 11.75 in 2020 and a minimum value of 0.06 in 1990.

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
1990 0.06
1991 1.84
1992 2.23
1993 2.62
1994 2.76
1995 3.07
1996 3.30
1997 3.56
1998 4.02
1999 4.33
2000 4.59
2001 4.82
2002 4.90
2003 5.07
2004 5.38
2005 5.73
2006 6.00
2007 6.41
2008 7.31
2009 7.69
2010 8.07
2011 8.71
2012 9.36
2013 9.71
2014 10.16
2015 10.55
2016 10.59
2017 10.81
2018 10.83
2019 11.23
2020 11.75

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 Nicaragua was 0.342 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.445 in 1992 and a minimum value of 0.335 in 2003.

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 0.405
1991 0.380
1992 0.445
1993 0.428
1994 0.411
1995 0.408
1996 0.392
1997 0.377
1998 0.380
1999 0.366
2000 0.362
2001 0.359
2002 0.344
2003 0.335
2004 0.338
2005 0.343
2006 0.342
2007 0.347
2008 0.377
2009 0.378
2010 0.378
2011 0.388
2012 0.398
2013 0.393
2014 0.391
2015 0.387
2016 0.370
2017 0.360
2018 0.343
2019 0.339
2020 0.342

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

The value for PPP conversion factor, private consumption (LCU per international $) in Nicaragua was 12.55 as of 2021. As the graph below shows, over the past 22 years this indicator reached a maximum value of 12.55 in 2021 and a minimum value of 4.93 in 1999.

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
1999 4.93
2000 5.11
2001 5.27
2002 5.38
2003 5.54
2004 5.85
2005 6.20
2006 6.56
2007 7.09
2008 8.18
2009 8.51
2010 8.83
2011 9.25
2012 9.32
2013 10.03
2014 10.52
2015 10.82
2016 11.01
2017 11.53
2018 11.81
2019 12.22
2020 12.52
2021 12.55

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity