Angola - Price level ratio of PPP conversion factor (GDP) to market exchange rate

The value for Price level ratio of PPP conversion factor (GDP) to market exchange rate in Angola was 0.276 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.688 in 2012 and a minimum value of 0.147 in 1999.

Definition: 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.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.354
1991 0.320
1992 0.260
1993 0.232
1994 0.173
1995 0.184
1996 0.216
1997 0.201
1998 0.161
1999 0.147
2000 0.207
2001 0.191
2002 0.231
2003 0.256
2004 0.297
2005 0.393
2006 0.485
2007 0.516
2008 0.618
2009 0.483
2010 0.545
2011 0.688
2012 0.688
2013 0.684
2014 0.661
2015 0.568
2016 0.494
2017 0.560
2018 0.463
2019 0.404
2020 0.276

Statistical Concept and Methodology: The ratio of the PPP conversion factor to the market exchange rate - the national price level or comparative price level - measures differences in the price level at the gross domestic product (GDP) level. The price level index tends to be lower in poorer countries and to rise with income.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity