Uruguay - 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 Uruguay was 0.677 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.887 in 2013 and a minimum value of 0.374 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 0.500
1991 0.563
1992 0.587
1993 0.650
1994 0.691
1995 0.759
1996 0.750
1997 0.742
1998 0.744
1999 0.706
2000 0.670
2001 0.625
2002 0.434
2003 0.374
2004 0.394
2005 0.451
2006 0.475
2007 0.519
2008 0.616
2009 0.611
2010 0.713
2011 0.791
2012 0.834
2013 0.887
2014 0.838
2015 0.772
2016 0.744
2017 0.812
2018 0.793
2019 0.737
2020 0.677

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