Venezuela VE: PPP Conversion Factor: Private Consumption

Venezuela VE: PPP Conversion Factor: Private Consumption data was reported at 59.374 VEF/Intl $ in 2016. This records an increase from the previous number of 16.938 VEF/Intl $ for 2015. Venezuela VE: PPP Conversion Factor: Private Consumption data is updated yearly, averaging 3.458 VEF/Intl $ from Dec 2008 (Median) to 2016, with 9 observations. The data reached an all-time high of 59.374 VEF/Intl $ in 2016 and a record low of 1.483 VEF/Intl $ in 2008. Venezuela VE: 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 Venezuela – Table VE.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 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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What was Venezuela's Venezuela VE: PPP Conversion Factor: Private Consumption in 2016?

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