Puerto Rico - 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 Puerto Rico was 0.915 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.915 in 2020 and a minimum value of 0.642 in 1993.

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 0.645
1991 0.643
1992 0.645
1993 0.642
1994 0.649
1995 0.653
1996 0.666
1997 0.663
1998 0.698
1999 0.698
2000 0.705
2001 0.728
2002 0.735
2003 0.753
2004 0.724
2005 0.749
2006 0.767
2007 0.775
2008 0.810
2009 0.844
2010 0.855
2011 0.857
2012 0.858
2013 0.860
2014 0.860
2015 0.875
2016 0.892
2017 0.905
2018 0.900
2019 0.906
2020 0.915

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