Yemen - 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 Yemen was 0.436 as of 2013. As the graph below shows, over the past 23 years this indicator reached a maximum value of 0.436 in 2013 and a minimum value of 0.116 in 1995.

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 0.233
1991 0.223
1992 0.220
1993 0.171
1994 0.122
1995 0.116
1996 0.147
1997 0.163
1998 0.140
1999 0.161
2000 0.187
2001 0.180
2002 0.185
2003 0.193
2004 0.213
2005 0.236
2006 0.253
2007 0.271
2008 0.318
2009 0.284
2010 0.321
2011 0.381
2012 0.414
2013 0.436

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