Serbia - 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 Serbia was 0.405 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 0.591 in 1997 and a minimum value of 0.152 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
1995 0.458
1996 0.548
1997 0.591
1998 0.429
1999 0.465
2000 0.152
2001 0.266
2002 0.316
2003 0.393
2004 0.413
2005 0.405
2006 0.429
2007 0.521
2008 0.562
2009 0.492
2010 0.448
2011 0.495
2012 0.432
2013 0.462
2014 0.450
2015 0.374
2016 0.364
2017 0.379
2018 0.409
2019 0.394
2020 0.405

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