Bolivia - 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 Bolivia was 0.379 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.441 in 2012 and a minimum value of 0.247 in 2003.

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 0.299
1991 0.301
1992 0.306
1993 0.291
1994 0.284
1995 0.299
1996 0.310
1997 0.311
1998 0.314
1999 0.300
2000 0.290
2001 0.271
2002 0.253
2003 0.247
2004 0.250
2005 0.253
2006 0.281
2007 0.300
2008 0.352
2009 0.352
2010 0.378
2011 0.430
2012 0.441
2013 0.439
2014 0.437
2015 0.426
2016 0.410
2017 0.398
2018 0.400
2019 0.391
2020 0.379

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