Pakistan - 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 Pakistan was 0.247 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.320 in 2017 and a minimum value of 0.191 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 0.254
1991 0.267
1992 0.260
1993 0.264
1994 0.252
1995 0.273
1996 0.267
1997 0.256
1998 0.246
1999 0.236
2000 0.216
2001 0.198
2002 0.191
2003 0.204
2004 0.217
2005 0.220
2006 0.234
2007 0.241
2008 0.260
2009 0.248
2010 0.254
2011 0.292
2012 0.298
2013 0.295
2014 0.295
2015 0.310
2016 0.310
2017 0.320
2018 0.305
2019 0.263
2020 0.247

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