Uganda - 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 Uganda was 0.358 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.595 in 1990 and a minimum value of 0.307 in 2003.

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 0.595
1991 0.421
1992 0.342
1993 0.348
1994 0.397
1995 0.502
1996 0.475
1997 0.460
1998 0.456
1999 0.379
2000 0.371
2001 0.325
2002 0.312
2003 0.307
2004 0.337
2005 0.357
2006 0.338
2007 0.362
2008 0.397
2009 0.396
2010 0.394
2011 0.368
2012 0.392
2013 0.402
2014 0.423
2015 0.398
2016 0.352
2017 0.360
2018 0.354
2019 0.351
2020 0.358

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