St. Vincent and the Grenadines - 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. Vincent and the Grenadines was 0.573 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.623 in 2007 and a minimum value of 0.568 in 2016.

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 0.582
1991 0.609
1992 0.622
1993 0.586
1994 0.588
1995 0.584
1996 0.594
1997 0.591
1998 0.603
1999 0.605
2000 0.591
2001 0.617
2002 0.614
2003 0.583
2004 0.591
2005 0.590
2006 0.590
2007 0.623
2008 0.611
2009 0.601
2010 0.621
2011 0.606
2012 0.611
2013 0.609
2014 0.591
2015 0.594
2016 0.568
2017 0.589
2018 0.577
2019 0.573
2020 0.573

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