Poland - 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 Poland was 0.459 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.765 in 2008 and a minimum value of 0.280 in 1990.

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 0.280
1991 0.378
1992 0.397
1993 0.381
1994 0.409
1995 0.480
1996 0.501
1997 0.461
1998 0.476
1999 0.438
2000 0.422
2001 0.449
2002 0.441
2003 0.464
2004 0.500
2005 0.577
2006 0.596
2007 0.670
2008 0.765
2009 0.599
2010 0.599
2011 0.608
2012 0.552
2013 0.558
2014 0.560
2015 0.468
2016 0.439
2017 0.461
2018 0.484
2019 0.465
2020 0.459

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