United Arab Emirates - 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 United Arab Emirates was 0.543 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.639 in 2018 and a minimum value of 0.290 in 1998.

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 0.318
1991 0.310
1992 0.309
1993 0.305
1994 0.298
1995 0.304
1996 0.315
1997 0.307
1998 0.290
1999 0.310
2000 0.338
2001 0.323
2002 0.330
2003 0.338
2004 0.357
2005 0.403
2006 0.438
2007 0.480
2008 0.558
2009 0.470
2010 0.522
2011 0.579
2012 0.593
2013 0.603
2014 0.594
2015 0.596
2016 0.596
2017 0.605
2018 0.639
2019 0.600
2020 0.543

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