Qatar - 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 Qatar was 0.557 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 0.708 in 2018 and a minimum value of 0.288 in 2001.

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 0.310
2001 0.288
2002 0.292
2003 0.336
2004 0.370
2005 0.468
2006 0.493
2007 0.532
2008 0.642
2009 0.483
2010 0.510
2011 0.591
2012 0.601
2013 0.615
2014 0.650
2015 0.678
2016 0.688
2017 0.644
2018 0.708
2019 0.664
2020 0.557

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