Slovenia - 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 Slovenia was 0.642 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.932 in 2008 and a minimum value of 0.553 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
1990 0.736
1991 0.570
1992 0.582
1993 0.559
1994 0.590
1995 0.788
1996 0.756
1997 0.684
1998 0.696
1999 0.670
2000 0.567
2001 0.553
2002 0.582
2003 0.703
2004 0.757
2005 0.759
2006 0.765
2007 0.864
2008 0.932
2009 0.900
2010 0.846
2011 0.869
2012 0.780
2013 0.784
2014 0.785
2015 0.660
2016 0.639
2017 0.644
2018 0.670
2019 0.638
2020 0.642

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