Turkey - 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 Turkey was 0.313 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.676 in 2008 and a minimum value of 0.313 in 2020.

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 0.454
1991 0.434
1992 0.422
1993 0.434
1994 0.326
1995 0.387
1996 0.381
1997 0.364
1998 0.494
1999 0.469
2000 0.450
2001 0.339
2002 0.392
2003 0.491
2004 0.556
2005 0.621
2006 0.589
2007 0.653
2008 0.676
2009 0.584
2010 0.612
2011 0.577
2012 0.568
2013 0.562
2014 0.505
2015 0.427
2016 0.411
2017 0.379
2018 0.338
2019 0.340
2020 0.313

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