Nauru Gross Domestic Product: Purchasing Power Parity
GDP per Capita: PPP: 2021 Price
GDP per Capita: PPP: 2021 Price data was reported at 11,420.812 Intl $ in 2023. This records a decrease from the previous number of 11,441.214 Intl $ for 2022. GDP per Capita: PPP: 2021 Price data is updated yearly, averaging 9,559.828 Intl $ from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 21,700.127 Intl $ in 1990 and a record low of 4,075.981 Intl $ in 2007. GDP per Capita: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;
Last | Frequency | Range |
---|---|---|
11,420.812 2023 | yearly | 1990 - 2023 |
View Nauru's GDP per Capita: PPP: 2021 Price from 1990 to 2023 in the chart:
GDP: PPP: 2021 Price
GDP: PPP: 2021 Price data was reported at 145.958 Intl $ mn in 2023. This records an increase from the previous number of 144.937 Intl $ mn for 2022. GDP: PPP: 2021 Price data is updated yearly, averaging 101.048 Intl $ mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 208.278 Intl $ mn in 1990 and a record low of 41.848 Intl $ mn in 2007. GDP: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
Last | Frequency | Range |
---|---|---|
145.958 2023 | yearly | 1990 - 2023 |
View Nauru's GDP: PPP: 2021 Price from 1990 to 2023 in the chart:
GNI per Capita: PPP: 2021 Price
GNI per Capita: PPP: 2021 Price data was reported at 17,048.665 Intl $ in 2021. GNI per Capita: PPP: 2021 Price data is updated yearly, averaging 17,048.665 Intl $ from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 17,048.665 Intl $ in 2021 and a record low of 17,048.665 Intl $ in 2021. GNI per Capita: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;
Last | Frequency | Range |
---|---|---|
17,048.665 2021 | yearly | 2021 - 2021 |
View Nauru's GNI per Capita: PPP: 2021 Price from 2021 to 2021 in the chart:
GNI: PPP: 2021 Price
GNI: PPP: 2021 Price data was reported at 213.296 Intl $ mn in 2021. GNI: PPP: 2021 Price data is updated yearly, averaging 213.296 Intl $ mn from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 213.296 Intl $ mn in 2021 and a record low of 213.296 Intl $ mn in 2021. GNI: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
Last | Frequency | Range |
---|---|---|
213.296 2021 | yearly | 2021 - 2021 |
View Nauru's GNI: PPP: 2021 Price from 2021 to 2021 in the chart:
Nauru NR: GDP: PPP
NR: GDP: PPP data was reported at 193.236 Intl $ mn in 2017. This records an increase from the previous number of 182.249 Intl $ mn for 2016. NR: GDP: PPP data is updated yearly, averaging 82.753 Intl $ mn from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 193.236 Intl $ mn in 2017 and a record low of 37.544 Intl $ mn in 2007. NR: GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; Gap-filled total;
Last | Frequency | Range |
---|---|---|
193.24 2017 | yearly | 2007 - 2017 |
View Nauru's Nauru NR: GDP: PPP from 2007 to 2017 in the chart:
Nauru NR: GDP: PPP: 2011 Price
NR: GDP: PPP: 2011 Price data was reported at 176.013 Intl $ mn in 2017. This records an increase from the previous number of 168.991 Intl $ mn for 2016. NR: GDP: PPP: 2011 Price data is updated yearly, averaging 81.256 Intl $ mn from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 176.013 Intl $ mn in 2017 and a record low of 39.848 Intl $ mn in 2007. NR: GDP: PPP: 2011 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.; ; World Bank, International Comparison Program database.; Gap-filled total;
Last | Frequency | Range |
---|---|---|
176.01 2017 | yearly | 2007 - 2017 |
View Nauru's Nauru NR: GDP: PPP: 2011 Price from 2007 to 2017 in the chart:
Nauru NR: GDP: PPP: 2011 Price:(GDP) Gross Domestic Productper Capita
NR: GDP: PPP: 2011 Price: GDP per Capita data was reported at 12,895.635 Intl $ in 2017. This records a decrease from the previous number of 12,950.529 Intl $ for 2016. NR: GDP: PPP: 2011 Price: GDP per Capita data is updated yearly, averaging 7,905.089 Intl $ from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 12,950.529 Intl $ in 2016 and a record low of 3,984.035 Intl $ in 2007. NR: GDP: PPP: 2011 Price: GDP per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.; ; World Bank, International Comparison Program database.; Weighted average;
Last | Frequency | Range |
---|---|---|
12,895.63 2017 | yearly | 2007 - 2017 |
View Nauru's Nauru NR: GDP: PPP: 2011 Price:(GDP) Gross Domestic Productper Capita from 2007 to 2017 in the chart:
NR: GDP: PPP: 2017 Price
NR: GDP: PPP: 2017 Price data was reported at 139.656 Intl $ mn in 2022. This records an increase from the previous number of 137.491 Intl $ mn for 2021. NR: GDP: PPP: 2017 Price data is updated yearly, averaging 99.600 Intl $ mn from Dec 2004 (Median) to 2022, with 19 observations. The data reached an all-time high of 139.656 Intl $ mn in 2022 and a record low of 43.304 Intl $ mn in 2007. NR: GDP: PPP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
Last | Frequency | Range |
---|---|---|
139.656 2022 | yearly | 2004 - 2022 |
View Nauru's NR: GDP: PPP: 2017 Price from 2004 to 2022 in the chart:
Nauru NR: GDP: PPP:(GDP) Gross Domestic Productper Capita
NR: GDP: PPP: GDP per Capita data was reported at 14,157.533 Intl $ in 2017. This records an increase from the previous number of 13,966.498 Intl $ for 2016. NR: GDP: PPP: GDP per Capita data is updated yearly, averaging 8,050.705 Intl $ from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 14,157.533 Intl $ in 2017 and a record low of 3,753.646 Intl $ in 2007. NR: GDP: PPP: GDP per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; Weighted average;
Last | Frequency | Range |
---|---|---|
14,157.53 2017 | yearly | 2007 - 2017 |
View Nauru's Nauru NR: GDP: PPP:(GDP) Gross Domestic Productper Capita from 2007 to 2017 in the chart:
NR: GNI per Capita: PPP: 2017 Price
NR: GNI per Capita: PPP: 2017 Price data was reported at 13,078.161 Intl $ in 2017. NR: GNI per Capita: PPP: 2017 Price data is updated yearly, averaging 13,078.161 Intl $ from Dec 2017 (Median) to 2017, with 1 observations. The data reached an all-time high of 13,078.161 Intl $ in 2017 and a record low of 13,078.161 Intl $ in 2017. NR: GNI per Capita: PPP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;
Last | Frequency | Range |
---|---|---|
13,078.161 2017 | yearly | 2017 - 2017 |
View Nauru's NR: GNI per Capita: PPP: 2017 Price from 2017 to 2017 in the chart:
Nauru NR: GNI: PPP
NR: GNI: PPP data was reported at 245.192 Intl $ mn in 2017. This records an increase from the previous number of 228.526 Intl $ mn for 2016. NR: GNI: PPP data is updated yearly, averaging 99.179 Intl $ mn from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 245.192 Intl $ mn in 2017 and a record low of 52.295 Intl $ mn in 2007. NR: GNI: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; Gap-filled total;
Last | Frequency | Range |
---|---|---|
245.19 2017 | yearly | 2007 - 2017 |
View Nauru's Nauru NR: GNI: PPP from 2007 to 2017 in the chart:
Nauru NR: GNI: PPP: 2011 Price
NR: GNI: PPP: 2011 Price data was reported at 82,081,790.630 Intl $ in 2011. NR: GNI: PPP: 2011 Price data is updated yearly, averaging 82,081,790.630 Intl $ from Dec 2011 (Median) to 2011, with 1 observations. NR: GNI: PPP: 2011 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2011 international dollars.; ; World Bank, International Comparison Program database.; Gap-filled total;
Last | Frequency | Range |
---|---|---|
82,081,790.63 2011 | yearly | 2011 - 2011 |
View Nauru's Nauru NR: GNI: PPP: 2011 Price from 2011 to 2011 in the chart:
Nauru NR: GNI: PPP: 2011 Price: GNI per Capita
NR: GNI: PPP: 2011 Price: GNI per Capita data was reported at 8,161.658 Intl $ in 2011. NR: GNI: PPP: 2011 Price: GNI per Capita data is updated yearly, averaging 8,161.658 Intl $ from Dec 2011 (Median) to 2011, with 1 observations. NR: GNI: PPP: 2011 Price: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2011 international dollars.; ; World Bank, International Comparison Program database.; Weighted average;
Last | Frequency | Range |
---|---|---|
8,161.66 2011 | yearly | 2011 - 2011 |
View Nauru's Nauru NR: GNI: PPP: 2011 Price: GNI per Capita from 2011 to 2011 in the chart:
NR: GNI: PPP: 2017 Price
NR: GNI: PPP: 2017 Price data was reported at 152.779 Intl $ mn in 2017. NR: GNI: PPP: 2017 Price data is updated yearly, averaging 152.779 Intl $ mn from Dec 2017 (Median) to 2017, with 1 observations. The data reached an all-time high of 152.779 Intl $ mn in 2017 and a record low of 152.779 Intl $ mn in 2017. NR: GNI: PPP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;
Last | Frequency | Range |
---|---|---|
152.779 2017 | yearly | 2017 - 2017 |
View Nauru's NR: GNI: PPP: 2017 Price from 2017 to 2017 in the chart:
Nauru NR: GNI: PPP: GNI per Capita
NR: GNI: PPP: GNI per Capita data was reported at 17,960.000 Intl $ in 2017. This records an increase from the previous number of 17,510.000 Intl $ for 2016. NR: GNI: PPP: GNI per Capita data is updated yearly, averaging 9,650.000 Intl $ from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 17,960.000 Intl $ in 2017 and a record low of 5,230.000 Intl $ in 2007. NR: GNI: PPP: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current international dollars based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; Weighted average;
Last | Frequency | Range |
---|---|---|
17,960.00 2017 | yearly | 2007 - 2017 |
View Nauru's Nauru NR: GNI: PPP: GNI per Capita from 2007 to 2017 in the chart:
Nauru NR: PPP Conversion Factor: GDP
NR: PPP Conversion Factor: GDP data was reported at 0.781 AUD/Intl $ in 2017. This records an increase from the previous number of 0.769 AUD/Intl $ for 2016. NR: PPP Conversion Factor: GDP data is updated yearly, averaging 0.853 AUD/Intl $ from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 1.217 AUD/Intl $ in 2012 and a record low of 0.693 AUD/Intl $ in 2007. NR: PPP Conversion Factor: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; ;
Last | Frequency | Range |
---|---|---|
0.78 2017 | yearly | 2007 - 2017 |
View Nauru's Nauru NR: PPP Conversion Factor: GDP from 2007 to 2017 in the chart:
Nauru NR: PPP Conversion Factor: Private Consumption
NR: PPP Conversion Factor: Private Consumption data was reported at 1.209 AUD/Intl $ in 2011. NR: PPP Conversion Factor: Private Consumption data is updated yearly, averaging 1.209 AUD/Intl $ from Dec 2011 (Median) to 2011, with 1 observations. NR: PPP Conversion Factor: Private Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; ;
Last | Frequency | Range |
---|---|---|
1.21 2011 | yearly | 2011 - 2011 |
View Nauru's Nauru NR: PPP Conversion Factor: Private Consumption from 2011 to 2011 in the chart:
Nauru NR: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio
NR: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data was reported at 0.589 % in 2017. This records an increase from the previous number of 0.560 % for 2016. NR: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data is updated yearly, averaging 0.761 % from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 1.254 % in 2012 and a record low of 0.544 % in 2007. NR: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nauru – Table NR.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. 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.; ; World Bank, International Comparison Program database.; ;
Last | Frequency | Range |
---|---|---|
0.59 2017 | yearly | 2007 - 2017 |