Purchasing Power Parity Conversion Factor For GDP

$0 / year

This dataset consists of information on Purchasing Power Parity (PPP) conversion factor, which 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 (Gross Domestic Product).

Categories: ,
Complexity

In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents’ choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world. 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).

Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country’s currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country’s output. An alternative exchange rate – the purchasing power parity (PPP) conversion factor – is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Indicator Name: PPP conversion factor, GDP (LCU per international $)

Indicator Code: PA.NUS.PPP

Date Created

2017-06-30

Last Modified

2017-06-30

Version

2017-06-30

Update Frequency

Annual

Temporal Coverage

1990 to 2016

Spatial Coverage

World

Source

John Snow Labs; World Bank, International Comparison Program (ICP) Database;

Source License URL

Source License Requirements

N/A

Source Citation

N/A

Keywords

GDP, PPP, Purchasing Power Parity, ICP, Economy, US Dollar Exchange Rate, International Comparison Program

Other Titles

GDP Factor Purchasing Power Parity, PPP conversion factor LCU Per International Dollar, PPP for GDP LCU Per International Dollar

NameDescriptionTypeConstraints
Country_NameName of the countrystringrequired : 1
Country_CodeISO 3166-1 alpha-2 country code. Country codes are short alphabetic or numeric geographical codes (geocodes) developed to represent countries and dependent areas, for use in data processing and communicationsstringrequired : 1
Region_NameName of the regionstring-
Income_GroupCountry's income groupstring-
Special_NotesSpecial notes, if any.string-
Year_1990PPP rates in 1990numberlevel : Ratio
Year_1991PPP rates in 1991numberlevel : Ratio
Year_1992PPP rates in 1992numberlevel : Ratio
Year_1993PPP rates in 1993numberlevel : Ratio
Year_1994PPP rates in 1994numberlevel : Ratio
Year_1995PPP rates in 1995numberlevel : Ratio
Year_1996PPP rates in 1996numberlevel : Ratio
Year_1997PPP rates in 1997numberlevel : Ratio
Year_1998PPP rates in 1998numberlevel : Ratio
Year_1999PPP rates in 1999numberlevel : Ratio
Year_2000PPP rates in 2000numberlevel : Ratio
Year_2001PPP rates in 2001numberlevel : Ratio
Year_2002PPP rates in 2002numberlevel : Ratio
Year_2003PPP rates in 2003numberlevel : Ratio
Year_2004PPP rates in 2004numberlevel : Ratio
Year_2005PPP rates in 2005numberlevel : Ratio
Year_2006PPP rates in 2006numberlevel : Ratio
Year_2007PPP rates in 2007numberlevel : Ratio
Year_2008PPP rates in 2008numberlevel : Ratio
Year_2009PPP rates in 2009numberlevel : Ratio
Year_2010PPP rates in 2010numberlevel : Ratio
Year_2011PPP rates in 2011numberlevel : Ratio
Year_2012PPP rates in 2012numberlevel : Ratio
Year_2013PPP rates in 2013numberlevel : Ratio
Year_2014PPP rates in 2014numberlevel : Ratio
Year_2015PPP rates in 2015numberlevel : Ratio
Year_2016PPP rates in 2016numberlevel : Ratio
Country NameCountry CodeRegion NameIncome GroupSpecial NotesYear 1990Year 1991Year 1992Year 1993Year 1994Year 1995Year 1996Year 1997Year 1998Year 1999Year 2000Year 2001Year 2002Year 2003Year 2004Year 2005Year 2006Year 2007Year 2008Year 2009Year 2010Year 2011Year 2012Year 2013Year 2014Year 2015Year 2016Year 2017Year 2018
ArubaABWLatin America & CaribbeanHigh incomeSNA data for 2000-2011 are updated from official government statistics; 1994-1999 from UN databases. Base year has changed from 1995 to 2000.1.261.35068965
AfghanistanAFGSouth AsiaLow incomeFiscal year end: March 20; reporting period for national accounts data is calendar year, estimated to insure consistency between national accounts and fiscal data. National accounts data are sourced from the IMF and differ from the Central Statistics Organization numbers due to exclusion of the opium economy.9.6410.5611.4312.2812.7715.2215.2514.8216.0217.3618.4619.0218.7319.5620.3217.2055580516.92940636
AngolaAGOSub-Saharan AfricaLower middle income8.682.277.741.040.00.00.020.050.060.42.04.0411.8121.4129.1335.7939.2543.0650.5446.4456.1568.3171.8272.4570.266.6683.7192.95172119122.36000039999999
AlbaniaALBEurope & Central AsiaUpper middle income1.882.528.6218.0824.5125.3535.1738.7640.7641.142.0542.7142.9344.6544.9145.5344.4344.744.5644.2844.1143.8643.6644.0742.6243.2943.1641.2311130241.124408100000004
AndorraANDEurope & Central AsiaHigh incomeWB-3 code changed from ADO to AND to align with ISO code.
Arab WorldARBArab World aggregate. Arab World is composed of members of the League of Arab States.
United Arab EmiratesAREMiddle East & North AfricaHigh income1.391.361.351.341.311.331.381.351.281.361.481.421.451.481.561.761.912.12.442.052.282.542.542.462.422.041.912.2217919832.338069115
ArgentinaARGLatin America & CaribbeanUpper middle incomeNational Institute of Statistics and Census revised national accounts from 2004-2015. Argentina, which was temporarily unclassified in July 2016 pending release of revised national accounts statistics, is classified as upper middle income for FY17 as of September 29, 2016. The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. An alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. In the case of Argentina, the World Bank has found that during 2012-2015 there were two exchange rates (official and parallel) and parallel exchange rate (blue chip swap rate) was used in around 20% of the transactions. Based on this information an alternative conversion factor has been calculated using a weighted average method for this period.0.30.680.740.720.720.730.710.70.680.660.650.630.810.871.011.081.191.331.611.842.22.663.23.95.386.639.2210.2568216314.08844667
ArmeniaARMEurope & Central AsiaLower middle income0.010.010.070.9740.04102.44120.31139.27152.51150.29144.93147.47148.68152.42157.7157.74160.11162.56168.98171.99183.12187.1193.53196.87197.87198.07196.5155.9707031156.19476640000002
American SamoaASMEast Asia & PacificUpper middle income
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