Antigua and Barbuda - 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 Antigua and Barbuda was 0.767 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.775 in 2017 and a minimum value of 0.604 in 2006.

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 0.652
1991 0.647
1992 0.648
1993 0.645
1994 0.652
1995 0.653
1996 0.661
1997 0.661
1998 0.668
1999 0.668
2000 0.646
2001 0.641
2002 0.635
2003 0.618
2004 0.612
2005 0.620
2006 0.604
2007 0.610
2008 0.625
2009 0.631
2010 0.633
2011 0.626
2012 0.677
2013 0.687
2014 0.709
2015 0.755
2016 0.763
2017 0.775
2018 0.775
2019 0.763
2020 0.767

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