Spain - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Spain was 0.615 as of 2021. As the graph below shows, over the past 31 years this indicator reached a maximum value of 0.770 in 2005 and a minimum value of 0.615 in 2021.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.618
1991 0.640
1992 0.667
1993 0.681
1994 0.693
1995 0.712
1996 0.722
1997 0.724
1998 0.724
1999 0.739
2000 0.740
2001 0.748
2002 0.742
2003 0.759
2004 0.766
2005 0.770
2006 0.736
2007 0.732
2008 0.726
2009 0.719
2010 0.727
2011 0.714
2012 0.695
2013 0.675
2014 0.662
2015 0.665
2016 0.643
2017 0.631
2018 0.632
2019 0.633
2020 0.627
2021 0.615

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 Spain was 0.72 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 1.08 in 1992 and a minimum value of 0.67 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 1.01
1991 1.02
1992 1.08
1993 0.89
1994 0.86
1995 0.95
1996 0.95
1997 0.82
1998 0.81
1999 0.79
2000 0.68
2001 0.67
2002 0.70
2003 0.86
2004 0.95
2005 0.96
2006 0.92
2007 1.00
2008 1.07
2009 1.00
2010 0.96
2011 0.99
2012 0.89
2013 0.90
2014 0.88
2015 0.74
2016 0.71
2017 0.71
2018 0.75
2019 0.71
2020 0.72

PPP conversion factor, private consumption (LCU per international $)

The value for PPP conversion factor, private consumption (LCU per international $) in Spain was 0.711 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.808 in 2007 and a minimum value of 0.655 in 1990.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.655
1991 0.675
1992 0.700
1993 0.720
1994 0.739
1995 0.759
1996 0.770
1997 0.767
1998 0.768
1999 0.774
2000 0.769
2001 0.764
2002 0.755
2003 0.771
2004 0.788
2005 0.794
2006 0.790
2007 0.808
2008 0.802
2009 0.801
2010 0.801
2011 0.792
2012 0.786
2013 0.758
2014 0.744
2015 0.738
2016 0.718
2017 0.711
2018 0.711
2019 0.718
2020 0.711

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity