Economy > Currency > PPP conversion factor > GDP to market exchange rate ratio: Countries Compared
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DEFINITION:
PPP conversion factor (GDP) to market exchange rate ratio. 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.
CONTENTS
# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Iraq | 1.55 | 2012 | ||
2 | Norway | 1.52 | 2012 | ||
3 | Australia | 1.5 | 2012 | ||
4 | Switzerland | 1.48 | 2012 | ||
5 | Denmark | 1.34 | 2012 | ||
6 | Japan | 1.33 | 2012 | ||
7 | Sweden | 1.28 | 2012 | ||
8 | Canada | 1.23 | 2012 | ||
9 | Finland | 1.19 | 2012 | ||
10 | Luxembourg | 1.18 | 2012 | ||
11 | New Zealand | 1.17 | 2012 | ||
12 | Kuwait | 1.14 | 2011 | ||
13 | Iceland | 1.13 | 2012 | ||
Group of 7 countries (G7) average (profile) | 1.1 | 2012 | |||
14 | France | 1.1 | 2012 | ||
15 | Qatar | 1.1 | 2011 | ||
16 | Belgium | 1.09 | 2012 | ||
17 | Israel | 1.09 | 2011 | ||
18 | Suriname | 1.08 | 2012 | ||
19 | Guyana | 1.07 | 2012 | ||
20 | Austria | 1.07 | 2012 | ||
21 | Netherlands | 1.07 | 2012 | ||
22 | Ireland | 1.05 | 2012 | ||
23 | United Kingdom | 1.04 | 2012 | ||
High income OECD countries average (profile) | 1.04 | 2012 | |||
24 | Germany | 1.01 | 2012 | ||
25 | United States | 1 | 2012 | ||
26 | Italy | 0.998 | 2012 | ||
27 | United Arab Emirates | 0.971 | 2011 | ||
28 | Brazil | 0.968 | 2012 | ||
29 | Venezuela | 0.959 | 2012 | ||
Non-religious countries average (profile) | 0.955 | 2012 | |||
OPEC countries average (profile) | 0.943 | 2011 | |||
30 | Bahrain | 0.943 | 2011 | ||
31 | Uruguay | 0.932 | 2012 | ||
Eurozone average (profile) | 0.928 | 2012 | |||
32 | Tonga | 0.921 | 2012 | ||
33 | Fiji | 0.916 | 2012 | ||
34 | Angola | 0.913 | 2012 | ||
35 | Macau | 0.907 | 2012 | ||
36 | Eritrea | 0.905 | 2012 | ||
37 | Oman | 0.896 | 2011 | ||
38 | Spain | 0.893 | 2012 | ||
39 | Kazakhstan | 0.887 | 2012 | ||
40 | Zambia | 0.872 | 2012 | ||
European Union average (profile) | 0.872 | 2012 | |||
41 | Greece | 0.872 | 2012 | ||
NATO countries average (profile) | 0.857 | 2012 | |||
42 | Singapore | 0.85 | 2012 | ||
43 | Cyprus | 0.847 | 2012 | ||
44 | Federated States of Micronesia | 0.847 | 2012 | ||
Middle Eastern and North Africa average (profile) | 0.84 | 2011 | |||
45 | Jordan | 0.813 | 2012 | ||
46 | Equatorial Guinea | 0.808 | 2012 | ||
47 | Samoa | 0.806 | 2012 | ||
48 | Saudi Arabia | 0.805 | 2012 | ||
Heavily indebted countries average (profile) | 0.803 | 2012 | |||
Cold countries average (profile) | 0.802 | 2012 | |||
49 | Slovenia | 0.801 | 2012 | ||
Europe average (profile) | 0.801 | 2012 | |||
50 | Ghana | 0.797 | 2012 | ||
51 | Portugal | 0.794 | 2012 | ||
52 | Brunei | 0.784 | 2012 | ||
53 | Saint Kitts and Nevis | 0.779 | 2012 | ||
54 | Namibia | 0.777 | 2012 | ||
55 | Sao Tome and Principe | 0.768 | 2012 | ||
56 | Papua New Guinea | 0.766 | 2012 | ||
Christian countries average (profile) | 0.763 | 2011 | |||
57 | Cape Verde | 0.763 | 2012 | ||
East Asia and Pacific average (profile) | 0.761 | 2012 | |||
58 | Colombia | 0.742 | 2012 | ||
59 | Costa Rica | 0.737 | 2012 | ||
60 | Maldives | 0.736 | 2012 | ||
61 | South Korea | 0.733 | 2012 | ||
Catholic countries average (profile) | 0.731 | 2012 | |||
62 | Sudan | 0.731 | 2012 | ||
63 | Indonesia | 0.729 | 2012 | ||
64 | Republic of the Congo | 0.724 | 2012 | ||
65 | Hong Kong | 0.72 | 2012 | ||
Former British colonies average (profile) | 0.718 | 2011 | |||
66 | Malta | 0.718 | 2012 | ||
67 | Gabon | 0.714 | 2012 | ||
68 | Azerbaijan | 0.708 | 2012 | ||
69 | Estonia | 0.707 | 2012 | ||
70 | The Bahamas | 0.704 | 2012 | ||
71 | Vanuatu | 0.703 | 2012 | ||
72 | Czech Republic | 0.7 | 2012 | ||
73 | Chile | 0.691 | 2012 | ||
74 | Comoros | 0.686 | 2012 | ||
75 | Mongolia | 0.684 | 2012 | ||
76 | Lebanon | 0.675 | 2012 | ||
77 | China | 0.671 | 2012 | ||
78 | Slovakia | 0.669 | 2012 | ||
79 | South Africa | 0.667 | 2012 | ||
80 | Grenada | 0.665 | 2012 | ||
81 | Guatemala | 0.664 | 2012 | ||
82 | Kiribati | 0.663 | 2012 | ||
83 | Croatia | 0.662 | 2012 | ||
84 | Trinidad and Tobago | 0.657 | 2012 | ||
Muslim countries average (profile) | 0.654 | 2011 | |||
85 | Turkmenistan | 0.653 | 2012 | ||
Former Spanish colonies average (profile) | 0.651 | 2012 | |||
86 | Antigua and Barbuda | 0.648 | 2012 | ||
87 | Liberia | 0.648 | 2012 | ||
88 | East Timor | 0.643 | 2012 | ||
89 | Latvia | 0.639 | 2012 | ||
90 | Haiti | 0.638 | 2012 | ||
91 | Algeria | 0.633 | 2012 | ||
92 | Paraguay | 0.632 | 2012 | ||
93 | Peru | 0.631 | 2012 | ||
94 | Democratic Republic of the Congo | 0.63 | 2012 | ||
Religious countries average (profile) | 0.626 | 2012 | |||
Emerging markets average (profile) | 0.626 | 2012 | |||
failed states average (profile) | 0.624 | 2012 | |||
95 | Belize | 0.622 | 2011 | ||
96 | Cote d'Ivoire | 0.62 | 2012 | ||
97 | Lesotho | 0.618 | 2012 | ||
98 | Malaysia | 0.617 | 2012 | ||
99 | Syria | 0.615 | 2012 | ||
100 | Yemen | 0.61 | 2012 | ||
101 | Moldova | 0.605 | 2012 | ||
102 | Georgia | 0.601 | 2012 | ||
103 | Saint Lucia | 0.599 | 2012 | ||
104 | Russia | 0.597 | 2012 | ||
105 | Solomon Islands | 0.597 | 2012 | ||
106 | Libya | 0.596 | 2009 | ||
107 | Philippines | 0.596 | 2012 | ||
108 | Jamaica | 0.59 | 2005 | ||
109 | Saint Vincent and the Grenadines | 0.59 | 2012 | ||
110 | Swaziland | 0.589 | 2012 | ||
111 | Palau | 0.588 | 2012 | ||
112 | Nigeria | 0.583 | 2012 | ||
113 | Panama | 0.583 | 2012 | ||
114 | Mexico | 0.583 | 2012 | ||
115 | Lithuania | 0.582 | 2012 | ||
116 | Turkey | 0.581 | 2012 | ||
Former Soviet republics average (profile) | 0.581 | 2012 | |||
117 | Mali | 0.581 | 2012 | ||
Sub-Saharan Africa average (profile) | 0.577 | 2012 | |||
118 | Poland | 0.573 | 2012 | ||
119 | Dominican Republic | 0.572 | 2012 | ||
120 | Hungary | 0.571 | 2012 | ||
121 | Thailand | 0.567 | 2012 | ||
Hot countries average (profile) | 0.565 | 2007 | |||
122 | Barbados | 0.563 | 2012 | ||
123 | Ecuador | 0.563 | 2012 | ||
Potential Future EU Members average (profile) | 0.562 | 2012 | |||
Latin America and Caribbean average (profile) | 0.562 | 2006 | |||
124 | Mozambique | 0.561 | 2012 | ||
Eastern Europe average (profile) | 0.561 | 2012 | |||
125 | Honduras | 0.556 | 2012 | ||
126 | Morocco | 0.556 | 2012 | ||
127 | Togo | 0.555 | 2012 | ||
128 | Mauritius | 0.545 | 2012 | ||
129 | Kenya | 0.543 | 2012 | ||
130 | El Salvador | 0.542 | 2012 | ||
131 | Dominica | 0.539 | 2012 | ||
Former French colonies average (profile) | 0.537 | 2012 | |||
132 | Senegal | 0.536 | 2012 | ||
133 | Romania | 0.531 | 2012 | ||
134 | Ukraine | 0.53 | 2012 | ||
135 | Niger | 0.513 | 2012 | ||
South and Central Asia average (profile) | 0.512 | 2012 | |||
136 | Cameroon | 0.505 | 2012 | ||
137 | Bolivia | 0.496 | 2012 | ||
138 | Egypt | 0.492 | 2012 | ||
139 | Laos | 0.492 | 2012 | ||
140 | Montenegro | 0.49 | 2012 | ||
141 | Kyrgyzstan | 0.489 | 2012 | ||
142 | Djibouti | 0.489 | 2007 | ||
143 | Uzbekistan | 0.486 | 2012 | ||
144 | Bosnia and Herzegovina | 0.485 | 2012 | ||
145 | Chad | 0.485 | 2012 | ||
146 | Benin | 0.483 | 2012 | ||
147 | Seychelles | 0.481 | 2012 | ||
148 | Sri Lanka | 0.476 | 2012 | ||
149 | Sierra Leone | 0.475 | 2012 | ||
150 | Nepal | 0.474 | 2012 | ||
151 | Guinea | 0.468 | 2012 | ||
152 | Rwanda | 0.465 | 2012 | ||
153 | Madagascar | 0.465 | 2012 | ||
154 | Vietnam | 0.463 | 2012 | ||
155 | Pakistan | 0.458 | 2012 | ||
156 | Argentina | 0.457 | 2006 | ||
157 | Burundi | 0.455 | 2012 | ||
158 | Botswana | 0.449 | 2012 | ||
159 | Guinea-Bissau | 0.449 | 2012 | ||
160 | Central African Republic | 0.448 | 2012 | ||
161 | Afghanistan | 0.44 | 2012 | ||
162 | Serbia | 0.44 | 2012 | ||
163 | Tunisia | 0.44 | 2012 | ||
164 | Nicaragua | 0.438 | 2012 | ||
165 | Belarus | 0.436 | 2012 | ||
166 | Iran | 0.436 | 2009 | ||
167 | Bulgaria | 0.435 | 2012 | ||
168 | Mauritania | 0.432 | 2012 | ||
169 | Burkina Faso | 0.426 | 2012 | ||
170 | Albania | 0.425 | 2012 | ||
South Asia average (profile) | 0.412 | 2012 | |||
171 | Uganda | 0.411 | 2012 | ||
172 | Ethiopia | 0.409 | 2012 | ||
173 | Bangladesh | 0.406 | 2012 | ||
174 | Armenia | 0.398 | 2012 | ||
175 | Tajikistan | 0.397 | 2012 | ||
176 | India | 0.391 | 2012 | ||
177 | Tanzania | 0.387 | 2012 | ||
178 | Republic of Macedonia | 0.386 | 2012 | ||
179 | Cambodia | 0.385 | 2012 | ||
180 | Bhutan | 0.364 | 2012 | ||
181 | Malawi | 0.356 | 2012 | ||
182 | The Gambia | 0.267 | 2012 |