Sierra Leone - 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 Sierra Leone was 0.295 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.410 in 2013 and a minimum value of 0.194 in 1990.

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 0.194
1991 0.220
1992 0.231
1993 0.252
1994 0.299
1995 0.304
1996 0.317
1997 0.299
1998 0.229
1999 0.230
2000 0.200
2001 0.359
2002 0.321
2003 0.319
2004 0.304
2005 0.322
2006 0.342
2007 0.353
2008 0.382
2009 0.359
2010 0.354
2011 0.373
2012 0.403
2013 0.410
2014 0.400
2015 0.371
2016 0.314
2017 0.304
2018 0.315
2019 0.294
2020 0.295

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