St. Lucia - 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. Lucia was 0.693 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.745 in 2015 and a minimum value of 0.604 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 0.604
1991 0.616
1992 0.613
1993 0.605
1994 0.607
1995 0.625
1996 0.611
1997 0.618
1998 0.626
1999 0.631
2000 0.642
2001 0.623
2002 0.616
2003 0.636
2004 0.624
2005 0.646
2006 0.660
2007 0.666
2008 0.670
2009 0.667
2010 0.688
2011 0.678
2012 0.695
2013 0.695
2014 0.715
2015 0.745
2016 0.725
2017 0.739
2018 0.725
2019 0.732
2020 0.693

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