Senegal - 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 Senegal was 0.420 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.632 in 1990 and a minimum value of 0.307 in 2000.

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 0.632
1991 0.585
1992 0.605
1993 0.552
1994 0.370
1995 0.432
1996 0.431
1997 0.378
1998 0.380
1999 0.357
2000 0.307
2001 0.312
2002 0.330
2003 0.384
2004 0.411
2005 0.417
2006 0.420
2007 0.476
2008 0.543
2009 0.502
2010 0.479
2011 0.512
2012 0.481
2013 0.501
2014 0.493
2015 0.410
2016 0.413
2017 0.425
2018 0.430
2019 0.408
2020 0.420

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