Others titles
- GDP Factor Purchasing Power Parity
- PPP conversion factor LCU Per International Dollar
- PPP for GDP LCU Per International Dollar
Keywords
- GDP
- PPP
- Purchasing Power Parity
- ICP
- Economy
- US Dollar Exchange Rate
- International Comparison Program
Purchasing Power Parity Conversion Factor For GDP
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).
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Description
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
About this Dataset
Data Info
Date Created | 2017-06-30 |
---|---|
Last Modified | 2022-06-30 |
Version | 2022-06-30 |
Update Frequency |
Annual |
Temporal Coverage |
1990 to 2021 |
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 |
Data Fields
Name | Description | Type | Constraints |
---|---|---|---|
Country_Name | Name of the country | string | required : 1 |
Country_Code | ISO 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 communications | string | required : 1 |
Region_Name | Name of the region | string | - |
Income_Group | Country's income group | string | - |
Special_Notes | Special notes, if any. | string | - |
Year_1990 | PPP rates in 1990 | number | level : Ratio |
Year_1991 | PPP rates in 1991 | number | level : Ratio |
Year_1992 | PPP rates in 1992 | number | level : Ratio |
Year_1993 | PPP rates in 1993 | number | level : Ratio |
Year_1994 | PPP rates in 1994 | number | level : Ratio |
Year_1995 | PPP rates in 1995 | number | level : Ratio |
Year_1996 | PPP rates in 1996 | number | level : Ratio |
Year_1997 | PPP rates in 1997 | number | level : Ratio |
Year_1998 | PPP rates in 1998 | number | level : Ratio |
Year_1999 | PPP rates in 1999 | number | level : Ratio |
Year_2000 | PPP rates in 2000 | number | level : Ratio |
Year_2001 | PPP rates in 2001 | number | level : Ratio |
Year_2002 | PPP rates in 2002 | number | level : Ratio |
Year_2003 | PPP rates in 2003 | number | level : Ratio |
Year_2004 | PPP rates in 2004 | number | level : Ratio |
Year_2005 | PPP rates in 2005 | number | level : Ratio |
Year_2006 | PPP rates in 2006 | number | level : Ratio |
Year_2007 | PPP rates in 2007 | number | level : Ratio |
Year_2008 | PPP rates in 2008 | number | level : Ratio |
Year_2009 | PPP rates in 2009 | number | level : Ratio |
Year_2010 | PPP rates in 2010 | number | level : Ratio |
Year_2011 | PPP rates in 2011 | number | level : Ratio |
Year_2012 | PPP rates in 2012 | number | level : Ratio |
Year_2013 | PPP rates in 2013 | number | level : Ratio |
Year_2014 | PPP rates in 2014 | number | level : Ratio |
Year_2015 | PPP rates in 2015 | number | level : Ratio |
Year_2016 | PPP rates in 2016 | number | level : Ratio |
Year_2017 | PPP rates in 2017 | number | level : Ratio |
Year_2018 | PPP rates in 2018 | number | level : Ratio |
Year_2019 | PPP rates in 2019 | number | level : Ratio |
Year_2020 | PPP rates in 2020 | number | level : Ratio |
Year_2021 | PPP rates in 2021 | number | level : Ratio |
Data Preview
Country Name | Country Code | Region Name | Income Group | Special Notes | Year 1990 | Year 1991 | Year 1992 | Year 1993 | Year 1994 | Year 1995 | Year 1996 | Year 1997 | Year 1998 | Year 1999 | Year 2000 | Year 2001 | Year 2002 | Year 2003 | Year 2004 | Year 2005 | Year 2006 | Year 2007 | Year 2008 | Year 2009 | Year 2010 | Year 2011 | Year 2012 | Year 2013 | Year 2014 | Year 2015 | Year 2016 | Year 2017 | Year 2018 | Year 2019 | Year 2020 | Year 2021 |
Aruba | ABW | Latin America & Caribbean | High income | 0.923503961 | 0.943452107 | 0.9576891409999999 | 0.9850994790000001 | 1.02515096 | 1.037992711 | 1.05255402 | 1.073039308 | 1.131053857 | 1.13976271 | 1.125965439 | 1.163141655 | 1.1962185140000001 | 1.208620168 | 1.210183322 | 1.2327906020000001 | 1.2375699009999999 | 1.267157699 | 1.296327415 | 1.310018108 | 1.278712418 | 1.302940607 | 1.317801356 | 1.285140991 | 1.308842778 | 1.36231792 | 1.355044603 | 1.35068965 | 1.3490309169999999 | 1.39912938 | 1.3423377419999998 | ||
Africa Eastern and Southern | AFE | 26 countries, stretching from the Red Sea in the North to the Cape of Good Hope in the South (https://www.worldbank.org/en/region/afr/eastern-and-southern-africa) | ||||||||||||||||||||||||||||||||||
Afghanistan | AFG | South Asia | Low income | The reporting period for national accounts data is designated as either calendar year basis (CY) or fiscal year basis (FY). For this country, it is fiscal year-based (fiscal year-end: March 20). Also, an estimate (PA.NUS.ATLS) of the exchange rate covers the same period and thus differs from the official exchange rate (CY). In addition, the World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In this country, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. An alternative estimate (âalternative conversion factorâ - PA.NUS.ATLS) is thus calculated as a weighted average of the different exchange rates in use in the country. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. For this country, this applies to the period 1960-2006. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors. | 9.197497571 | 10.07073193 | 10.91290085 | 11.73578736 | 12.20416522 | 14.56000189 | 14.58548181 | 14.17905751 | 14.54513393 | 16.61347791 | 17.24226389 | 17.50941886 | 17.035877600000003 | 17.02252002 | 17.44582794 | 17.20555805 | 17.15217774 | 17.94968476 | 19.12317027 | |||||||||||||
Africa Western and Central | AFW | 22 countries, stretching from the westernmost point of Africa, across the equator, and partly along the Atlantic Ocean till the Republic of Congo in the South (https://www.worldbank.org/en/region/afr/western-and-central-africa) | ||||||||||||||||||||||||||||||||||
Angola | AGO | Sub-Saharan Africa | Lower middle income | The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In this country, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. An alternative estimate (âalternative conversion factorâ - PA.NUS.ATLS) is thus calculated as a weighted average of the different exchange rates in use in the country. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. For this country, this applies to the period 1994-2021. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors. | 1.1000000000000001e-08 | 2.1e-08 | 1.2e-07 | 1.19e-06 | 2.6521999999999998e-05 | 0.000500193 | 0.024071383 | 0.04625068400000001 | 0.063737268 | 0.413249595 | 2.093286971 | 4.224369133 | 10.08598106 | 19.180843799999998 | 24.92647907 | 34.40985493 | 39.09308104 | 39.70435908 | 46.50154685 | 38.46037871 | 50.04631883 | 64.60575104 | 65.68167114 | 66.01937103 | 65.00067139 | 68.18204498 | 80.77896881 | 92.95172119 | 116.3537554 | 136.2384621 | 158.8964033 | 220.2687153 |
Albania | ALB | Europe & Central Asia | Upper middle income | 2.337756064 | 3.0643630739999996 | 9.976503362999999 | 21.990804327 | 29.248278248000002 | 31.46617306 | 35.41216384 | 38.72458627 | 40.71854095 | 41.10158587 | 42.02528491 | 42.82387709 | 42.92607163 | 44.59321895 | 44.89849271 | 45.52738677 | 44.41223692 | 44.63496475 | 44.56115577 | 44.33806985 | 44.19621436 | 43.85768488 | 43.65524832 | 44.11373867 | 42.89392984 | 42.70570052 | 42.38572688 | 42.25557249 | 42.30291357 | 42.34307289 | 42.49789526 | 42.9692589 | |
Andorra | AND | Europe & Central Asia | High income | |||||||||||||||||||||||||||||||||
Arab World | ARB | Arab World aggregate. Arab World is composed of members of the League of Arab States. | ||||||||||||||||||||||||||||||||||
United Arab Emirates | ARE | Middle East & North Africa | High income | 1.168284522 | 1.139231451 | 1.133973151 | 1.121873527 | 1.095534585 | 1.114962716 | 1.158125105 | 1.127650709 | 1.067658576 | 1.1417155890000001 | 1.244359341 | 1.188352496 | 1.214239065 | 1.239230377 | 1.309432082 | 1.479440205 | 1.606832889 | 1.76065064 | 2.0476850140000002 | 1.7257242990000001 | 1.918217325 | 2.1266083719999997 | 2.1777246 | 2.213315964 | 2.18256712 | 2.187784672 | 2.189752102 | 2.221791983 | 2.34802949 | 2.204254349 | 1.995850006 | ||
Argentina | ARG | Latin America & Caribbean | Upper middle income | The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In this country, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. An alternative estimate (âalternative conversion factorâ - PA.NUS.ATLS) is thus calculated as a weighted average of the different exchange rates in use in the country. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. For this country, this applies to the period 1971-2018. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors. | 0.293966424 | 0.68386941 | 0.776094362 | 0.7311267140000001 | 0.7362372140000001 | 0.74394034 | 0.730181312 | 0.7144733040000001 | 0.694473013 | 0.672245112 | 0.664171111 | 0.642419923 | 0.82584164 | 0.894858603 | 1.0314951209999998 | 1.103321523 | 1.217366655 | 1.3624205440000001 | 1.646529915 | 1.887628667 | 2.255324251 | 2.733127832 | 3.218153715 | 3.940966845 | 5.451963902 | 6.8665480610000005 | 9.294965744 | 10.25682163 | 14.22822621 | 21.09610297 | 29.16014707 | 43.13540885 |