Nicaragua NI: PPP Conversion Factor: Private Consumption

Nicaragua NI: PPP Conversion Factor: Private Consumption data was reported at 11.255 NIO/Intl $ in 2016. This records an increase from the previous number of 11.009 NIO/Intl $ for 2015. Nicaragua NI: PPP Conversion Factor: Private Consumption data is updated yearly, averaging 7.558 NIO/Intl $ from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 11.255 NIO/Intl $ in 2016 and a record low of 4.886 NIO/Intl $ in 1999. Nicaragua NI: 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 Nicaragua – Table NI.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.; ;

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