Latin America and Caribbean Compared by Economy > Currency > PPP conversion factor to official exchange rate ratio

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. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar). The ratio of the PPP conversion factor to the official exchange rate (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.

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#	COUNTRY	AMOUNT	DATE
1	The BahamasThe Bahamas	1.02	2002
2	JamaicaJamaica	0.84	2005
3	Antigua and BarbudaAntigua and Barbuda	0.83	2004
4	VenezuelaVenezuela	0.8	2005
5	Trinidad and TobagoTrinidad+	0.75	2005
6	Saint LuciaSaint Lucia	0.72	2004
7	MexicoMexico	0.69	2005
8	Saint Kitts and NevisSt Kitts+	0.67	2004
9	EcuadorEcuador	0.64	2005
10	PanamaPanama	0.63	2005
11	DominicaDominica	0.61	2004
12	ChileChile	0.59	2005
=13	Saint Vincent and the GrenadinesSt Vincent+	0.55	2005
=13	GuatemalaGuatemala	0.55	2005
15	GrenadaGrenada	0.54	2004
16	BelizeBelize	0.53	2005
17	BrazilBrazil	0.51	2005
18	UruguayUruguay	0.49	2005
=19	El SalvadorEl Salvador	0.47	2005
=19	PeruPeru	0.47	2005
21	Costa RicaCosta Rica	0.45	2005
22	Dominican RepublicDominican Rep.	0.4	2005
23	SurinameSuriname	0.39	2005
24	ColombiaColombia	0.37	2005
25	BoliviaBolivia	0.36	2005
26	HondurasHonduras	0.34	2005
27	ArgentinaArgentina	0.33	2005
28	HaitiHaiti	0.3	2005
29	ParaguayParaguay	0.26	2005
30	NicaraguaNicaragua	0.24	2005
31	GuyanaGuyana	0.23	2005

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