Costa Rica - 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 Costa Rica was 0.549 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.716 in 2013 and a minimum value of 0.364 in 1990.

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 0.364
1991 0.434
1992 0.463
1993 0.472
1994 0.484
1995 0.503
1996 0.491
1997 0.494
1998 0.495
1999 0.487
2000 0.483
2001 0.486
2002 0.480
2003 0.471
2004 0.473
2005 0.475
2006 0.487
2007 0.519
2008 0.557
2009 0.557
2010 0.640
2011 0.681
2012 0.703
2013 0.716
2014 0.675
2015 0.681
2016 0.630
2017 0.601
2018 0.586
2019 0.564
2020 0.549

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