Togo - 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 Togo was 0.411 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.534 in 1992 and a minimum value of 0.300 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 0.518
1991 0.496
1992 0.534
1993 0.448
1994 0.304
1995 0.368
1996 0.371
1997 0.326
1998 0.350
1999 0.334
2000 0.312
2001 0.300
2002 0.328
2003 0.374
2004 0.393
2005 0.403
2006 0.393
2007 0.439
2008 0.516
2009 0.494
2010 0.467
2011 0.485
2012 0.466
2013 0.487
2014 0.482
2015 0.409
2016 0.411
2017 0.413
2018 0.427
2019 0.404
2020 0.411

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