Czech Republic - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Czech Republic was 12.74 as of 2021. As the graph below shows, over the past 31 years this indicator reached a maximum value of 14.56 in 2005 and a minimum value of 5.56 in 1990.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 5.56
1991 7.33
1992 8.05
1993 9.52
1994 10.47
1995 11.16
1996 12.08
1997 12.90
1998 13.99
1999 14.23
2000 14.33
2001 14.33
2002 14.46
2003 14.18
2004 14.43
2005 14.56
2006 14.41
2007 14.26
2008 13.92
2009 13.64
2010 13.67
2011 13.35
2012 13.30
2013 12.79
2014 12.70
2015 12.94
2016 12.58
2017 12.42
2018 12.37
2019 12.66
2020 12.79
2021 12.74

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 Czech Republic was 0.551 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.815 in 2008 and a minimum value of 0.249 in 1991.

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 0.310
1991 0.249
1992 0.285
1993 0.326
1994 0.364
1995 0.420
1996 0.445
1997 0.407
1998 0.433
1999 0.412
2000 0.371
2001 0.377
2002 0.442
2003 0.503
2004 0.561
2005 0.608
2006 0.638
2007 0.703
2008 0.815
2009 0.715
2010 0.716
2011 0.754
2012 0.679
2013 0.653
2014 0.612
2015 0.526
2016 0.515
2017 0.532
2018 0.569
2019 0.552
2020 0.551

PPP conversion factor, private consumption (LCU per international $)

The value for PPP conversion factor, private consumption (LCU per international $) in Czech Republic was 14.83 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 15.62 in 2002 and a minimum value of 6.27 in 1990.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 6.27
1991 8.94
1992 9.69
1993 11.00
1994 11.80
1995 12.66
1996 13.38
1997 14.29
1998 15.29
1999 15.35
2000 15.43
2001 15.16
2002 15.62
2003 15.36
2004 15.46
2005 15.43
2006 15.57
2007 15.41
2008 15.29
2009 14.91
2010 14.82
2011 14.59
2012 14.65
2013 14.20
2014 13.93
2015 14.19
2016 13.91
2017 13.93
2018 14.01
2019 14.41
2020 14.83

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity