Rwanda - 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 Rwanda was 0.360 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.714 in 1990 and a minimum value of 0.308 in 2002.

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 0.714
1991 0.531
1992 0.521
1993 0.538
1994 0.405
1995 0.503
1996 0.468
1997 0.541
1998 0.528
1999 0.470
2000 0.407
2001 0.354
2002 0.308
2003 0.322
2004 0.324
2005 0.355
2006 0.357
2007 0.396
2008 0.444
2009 0.455
2010 0.452
2011 0.461
2012 0.487
2013 0.468
2014 0.436
2015 0.416
2016 0.396
2017 0.391
2018 0.366
2019 0.353
2020 0.360

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