Seychelles - 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 Seychelles was 0.418 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.738 in 2004 and a minimum value of 0.418 in 2020.

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 0.592
1991 0.566
1992 0.598
1993 0.601
1994 0.609
1995 0.628
1996 0.582
1997 0.572
1998 0.564
1999 0.558
2000 0.531
2001 0.538
2002 0.587
2003 0.619
2004 0.738
2005 0.719
2006 0.706
2007 0.633
2008 0.594
2009 0.522
2010 0.557
2011 0.556
2012 0.557
2013 0.660
2014 0.615
2015 0.613
2016 0.587
2017 0.584
2018 0.567
2019 0.563
2020 0.418

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