Niger - 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 Niger was 0.441 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.573 in 1990 and a minimum value of 0.254 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 0.573
1991 0.521
1992 0.515
1993 0.452
1994 0.276
1995 0.313
1996 0.321
1997 0.296
1998 0.307
1999 0.291
2000 0.255
2001 0.254
2002 0.270
2003 0.317
2004 0.341
2005 0.359
2006 0.357
2007 0.406
2008 0.471
2009 0.462
2010 0.449
2011 0.480
2012 0.457
2013 0.490
2014 0.494
2015 0.423
2016 0.434
2017 0.445
2018 0.464
2019 0.434
2020 0.441

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