San Marino - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in San Marino was 0.672 as of 2019. As the graph below shows, over the past 22 years this indicator reached a maximum value of 0.771 in 2003 and a minimum value of 0.672 in 2019.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1997 0.749
1998 0.754
1999 0.755
2000 0.757
2001 0.761
2002 0.767
2003 0.771
2004 0.766
2005 0.756
2006 0.748
2007 0.714
2008 0.720
2009 0.722
2010 0.724
2011 0.710
2012 0.715
2013 0.726
2014 0.690
2015 0.691
2016 0.689
2017 0.683
2018 0.680
2019 0.672

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 San Marino was 0.75 as of 2019. As the graph below shows, over the past 20 years this indicator reached a maximum value of 1.06 in 2008 and a minimum value of 0.69 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
1999 0.80
2000 0.70
2001 0.69
2002 0.74
2003 0.87
2004 0.96
2005 0.94
2006 0.94
2007 0.98
2008 1.06
2009 1.00
2010 0.96
2011 0.99
2012 0.92
2013 0.96
2014 0.92
2015 0.77
2016 0.76
2017 0.77
2018 0.80
2019 0.75

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity