Palau - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Palau was 0.873 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 0.929 in 2016 and a minimum value of 0.723 in 2004.

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
2000 0.778
2001 0.767
2002 0.758
2003 0.726
2004 0.723
2005 0.778
2006 0.766
2007 0.755
2008 0.784
2009 0.788
2010 0.771
2011 0.749
2012 0.780
2013 0.826
2014 0.834
2015 0.891
2016 0.929
2017 0.901
2018 0.879
2019 0.848
2020 0.873

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 Palau was 0.873 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 0.929 in 2016 and a minimum value of 0.723 in 2004.

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
2000 0.778
2001 0.767
2002 0.758
2003 0.726
2004 0.723
2005 0.778
2006 0.766
2007 0.755
2008 0.784
2009 0.788
2010 0.771
2011 0.749
2012 0.780
2013 0.826
2014 0.834
2015 0.891
2016 0.929
2017 0.901
2018 0.879
2019 0.848
2020 0.873

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

The value for PPP conversion factor, private consumption (LCU per international $) in Palau was 0.904 as of 2020. As the graph below shows, over the past 19 years this indicator reached a maximum value of 0.960 in 2015 and a minimum value of 0.774 in 2003.

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
2001 0.808
2002 0.785
2003 0.774
2004 0.791
2005 0.796
2006 0.805
2007 0.808
2008 0.871
2009 0.887
2010 0.885
2011 0.898
2012 0.912
2013 0.929
2014 0.952
2015 0.960
2016 0.938
2017 0.931
2018 0.928
2019 0.913
2020 0.904

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity