Philippines - 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 Philippines was 0.393 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.434 in 2013 and a minimum value of 0.272 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
1990 0.308
1991 0.307
1992 0.348
1993 0.342
1994 0.378
1995 0.410
1996 0.425
1997 0.395
1998 0.311
1999 0.341
2000 0.312
2001 0.279
2002 0.283
2003 0.273
2004 0.272
2005 0.285
2006 0.312
2007 0.348
2008 0.381
2009 0.361
2010 0.394
2011 0.418
2012 0.428
2013 0.434
2014 0.425
2015 0.418
2016 0.399
2017 0.385
2018 0.373
2019 0.375
2020 0.393

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