St. Kitts and Nevis - 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 St. Kitts and Nevis was 0.719 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.755 in 2017 and a minimum value of 0.531 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 0.531
1991 0.531
1992 0.547
1993 0.545
1994 0.567
1995 0.560
1996 0.553
1997 0.571
1998 0.580
1999 0.588
2000 0.585
2001 0.595
2002 0.606
2003 0.605
2004 0.611
2005 0.583
2006 0.646
2007 0.669
2008 0.674
2009 0.694
2010 0.702
2011 0.726
2012 0.747
2013 0.753
2014 0.754
2015 0.754
2016 0.755
2017 0.755
2018 0.730
2019 0.740
2020 0.719

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