Cameroon - 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 Cameroon was 0.397 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.767 in 1993 and a minimum value of 0.326 in 2001.

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 0.604
1991 0.584
1992 0.601
1993 0.767
1994 0.420
1995 0.480
1996 0.462
1997 0.422
1998 0.417
1999 0.390
2000 0.336
2001 0.326
2002 0.349
2003 0.417
2004 0.448
2005 0.440
2006 0.441
2007 0.471
2008 0.520
2009 0.507
2010 0.480
2011 0.507
2012 0.474
2013 0.488
2014 0.484
2015 0.407
2016 0.401
2017 0.401
2018 0.417
2019 0.393
2020 0.397

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