Zimbabwe - 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 Zimbabwe was 0.343 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.744 in 1990 and a minimum value of 0.312 in 2018.

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 0.744
1991 0.671
1992 0.564
1993 0.530
1994 0.498
1995 0.503
1996 0.538
1997 0.514
1998 0.371
1999 0.395
2000 0.388
2001 0.379
2002 0.384
2003 0.410
2004 0.430
2005 0.438
2006 0.416
2007 0.409
2008 0.407
2009 0.503
2010 0.518
2011 0.520
2012 0.549
2013 0.558
2014 0.549
2015 0.539
2016 0.522
2017 0.325
2018 0.312
2019 0.348
2020 0.343

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