Economy > Currency > PPP conversion factor to official exchange rate ratio: Countries Compared

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	NorwayNorway	1.54	2005
2	IcelandIceland	1.46	2005
3	DenmarkDenmark	1.41	2005
4	SwitzerlandSwitzerland	1.38	2005
5	LuxembourgLuxembourg	1.33	2005
6	IrelandIreland	1.26	2005
7	SwedenSweden	1.22	2005
8	KuwaitKuwait	1.21	2005
9	NetherlandsNetherlands	1.17	2005
=10	FranceFrance	1.15	2005
=10	FinlandFinland	1.15	2005
=10	GermanyGermany	1.15	2005
=13	AustraliaAustralia	1.13	2005
=13	JapanJapan	1.13	2005
15	United Arab EmiratesUAE	1.12	2005
=16	LebanonLebanon	1.1	2005
=16	United KingdomUnited Kingdom	1.1	2005
=16	AustriaAustria	1.1	2005
=16	BelgiumBelgium	1.1	2005
	Group of 7 countries (G7) averageGroup of 7 countries (G7) average (profile)	1.09	2005
20	New ZealandNew Zealand	1.07	2005
21	ItalyItaly	1.05	2005
22	CanadaCanada	1.03	2005
	High income OECD countries averageHigh income OECD countries average (profile)	1.02	2005
23	The BahamasThe Bahamas	1.02	2002
24	Congo, Republic of theCongo, Republic of the	1.01	2005
25	United StatesUnited States	1	2005
	Eurozone averageEurozone average (profile)	0.958	2005
=26	SpainSpain	0.95	2005
=26	CyprusCyprus	0.95	2004
28	SingaporeSingapore	0.91	2005
	European Union averageEuropean Union average (profile)	0.883	2005
29	AngolaAngola	0.88	2005
	NATO countries averageNATO average (profile)	0.871	2005
30	GreeceGreece	0.87	2005
31	Equatorial GuineaEqu. Guinea	0.86	2004
32	PortugalPortugal	0.85	2005
=33	GabonGabon	0.84	2005
=33	JamaicaJamaica	0.84	2005
=35	BahrainBahrain	0.83	2005
=35	Antigua and BarbudaAntigua and Barbuda	0.83	2004
	Non-religious countries averageNon-religious countries average (profile)	0.816	2005
	Europe averageEurope average (profile)	0.801	2004
=37	VenezuelaVenezuela	0.8	2005
=37	Saudi ArabiaSaudi Arabia	0.8	2005
=39	SloveniaSlovenia	0.77	2005
=39	YemenYemen	0.77	2005
41	Trinidad and TobagoTrinidad+	0.75	2005
	Heavily indebted countries averageHeavily indebted countries average (profile)	0.746	2004
42	South KoreaSouth Korea	0.74	2005
43	Hong KongHong Kong	0.73	2005
=44	MaltaMalta	0.72	2005
=44	Saint LuciaSaint Lucia	0.72	2004
=46	IsraelIsrael	0.69	2005
=46	MexicoMexico	0.69	2005
=48	NigeriaNigeria	0.67	2005
=48	Saint Kitts and NevisSt Kitts+	0.67	2004
=48	MacauMacau	0.67	2002
51	CroatiaCroatia	0.66	2005
52	EcuadorEcuador	0.64	2005
=53	PanamaPanama	0.63	2005
=53	EstoniaEstonia	0.63	2005
=53	OmanOman	0.63	2004
	Middle Eastern and North Africa averageMiddle Eastern and North Africa average (profile)	0.612	2004
=56	HungaryHungary	0.61	2005
=56	ZambiaZambia	0.61	2005
=56	DominicaDominica	0.61	2004
59	TurkeyTurkey	0.6	2005
=60	Czech RepublicCzech Republic	0.59	2005
=60	ChileChile	0.59	2005
62	PolandPoland	0.57	2005
=63	GuatemalaGuatemala	0.55	2005
=63	Saint Vincent and the GrenadinesSt Vincent+	0.55	2005
=63	Cote d'IvoireCote d'Ivoire	0.55	2005
=66	SlovakiaSlovakia	0.54	2005
=66	GrenadaGrenada	0.54	2004
	Former British colonies averageFormer British colonies average (profile)	0.534	2004
=68	BelizeBelize	0.53	2005
=68	FijiFiji	0.53	2005
70	LithuaniaLithuania	0.52	2005
=71	BrazilBrazil	0.51	2005
=71	SeychellesSeychelles	0.51	2005
	Latin America and Caribbean averageLatin America and Caribbean average (profile)	0.505	2002
=73	SwazilandSwaziland	0.5	2005
=73	VanuatuVanuatu	0.5	2005
=73	AlbaniaAlbania	0.5	2005
=73	RomaniaRomania	0.5	2005
=73	LatviaLatvia	0.5	2005
=78	RussiaRussia	0.49	2005
=78	UruguayUruguay	0.49	2005
80	KazakhstanKazakhstan	0.48	2005
=81	MalaysiaMalaysia	0.47	2005
=81	El SalvadorEl Salvador	0.47	2005
=81	BotswanaBotswana	0.47	2005
=81	PeruPeru	0.47	2005
	Former Spanish colonies averageFormer Spanish colonies average (profile)	0.462	2005
85	South AfricaSouth Africa	0.46	2005
	Emerging markets averageEmerging markets average (profile)	0.456	2005
=86	CameroonCameroon	0.45	2005
=86	Costa RicaCosta Rica	0.45	2005
=86	BeninBenin	0.45	2005
=89	KenyaKenya	0.44	2005
=89	AlgeriaAlgeria	0.44	2005
	Muslim countries averageMuslim countries average (profile)	0.432	2004
=91	TanzaniaTanzania	0.42	2005
=91	GeorgiaGeorgia	0.42	2005
=91	JordanJordan	0.42	2005
94	DjiboutiDjibouti	0.41	2005
=95	Dominican RepublicDominican Rep.	0.4	2005
=95	MauritiusMauritius	0.4	2005
=95	NamibiaNamibia	0.4	2005
=98	SurinameSuriname	0.39	2005
=98	SenegalSenegal	0.39	2005
=98	ChadChad	0.39	2005
	Former Soviet republics averageFormer Soviet republics average (profile)	0.386	2005
	Former French colonies averageFormer French colonies average (profile)	0.381	2005
=101	MoroccoMorocco	0.38	2005
=101	MaliMali	0.38	2005
=101	BulgariaBulgaria	0.38	2005
=101	BelarusBelarus	0.38	2005
105	ColombiaColombia	0.37	2005
=106	SudanSudan	0.36	2005
=106	SyriaSyria	0.36	2005
=106	BoliviaBolivia	0.36	2005
	Sub-Saharan Africa averageSub-Saharan Africa average (profile)	0.353	2005
=109	SamoaSamoa	0.35	2005
=109	MongoliaMongolia	0.35	2005
=109	IranIran	0.35	2005
=112	IndonesiaIndonesia	0.34	2005
=112	HondurasHonduras	0.34	2005
=112	TunisiaTunisia	0.34	2005
=115	MoldovaMoldova	0.33	2005
=115	Papua New GuineaPapua NG	0.33	2005
=115	ArgentinaArgentina	0.33	2005
=115	Cape VerdeCape Verde	0.33	2005
=115	ArmeniaArmenia	0.33	2005
=120	Burkina FasoBurkina Faso	0.32	2005
=120	ThailandThailand	0.32	2005
=120	ComorosComoros	0.32	2005
=123	Solomon IslandsSolomon Islands	0.31	2005
=123	NigerNiger	0.31	2005
=125	PakistanPakistan	0.3	2005
=125	AzerbaijanAzerbaijan	0.3	2005
=125	HaitiHaiti	0.3	2005
=128	MadagascarMadagascar	0.29	2005
=128	Federated States of MicronesiaMicronesia	0.29	2005
=130	Central African RepublicCentral Africa	0.28	2005
=130	EgyptEgypt	0.28	2005
=132	Sierra LeoneSierra Leone	0.27	2005
=132	MauritaniaMauritania	0.27	2005
=132	MozambiqueMozambique	0.27	2005
=135	TajikistanTajikistan	0.26	2005
=135	UzbekistanUzbekistan	0.26	2005
=135	ParaguayParaguay	0.26	2005
=135	UkraineUkraine	0.26	2005
=135	TongaTonga	0.26	2005
=135	Sri LankaSri Lanka	0.26	2005
=141	ChinaChina	0.25	2005
=141	KyrgyzstanKyrgyzstan	0.25	2005
=143	MalawiMalawi	0.24	2005
=143	LesothoLesotho	0.24	2005
=143	LaosLaos	0.24	2005
=143	TogoTogo	0.24	2005
=143	NicaraguaNicaragua	0.24	2005
=148	GuyanaGuyana	0.23	2005
=148	Guinea-BissauGuinea-Bissau	0.23	2005
=148	PhilippinesPhilippines	0.23	2005
=151	UgandaUganda	0.21	2005
=151	VietnamVietnam	0.21	2005
=151	IndiaIndia	0.21	2005
=151	Sao Tome and PrincipeSoa Tome+	0.21	2005
=151	BangladeshBangladesh	0.21	2005
=156	RwandaRwanda	0.2	2005
=156	EritreaEritrea	0.2	2005
=156	GhanaGhana	0.2	2005
159	TurkmenistanTurkmenistan	0.19	2000
160	NepalNepal	0.18	2005
=161	Democratic Republic of the CongoCongo, DR.	0.17	2005
=161	KiribatiKiribati	0.17	2005
=163	The GambiaThe Gambia	0.16	2005
=163	CambodiaCambodia	0.16	2005
=165	BurundiBurundi	0.15	2005
=165	GuineaGuinea	0.15	2005
=165	EthiopiaEthiopia	0.15	2005
168	ZimbabweZimbabwe	0.13	2005

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