Guatemala - 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 Guatemala was 0.520 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.535 in 2017 and a minimum value of 0.223 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 0.223
1991 0.256
1992 0.265
1993 0.272
1994 0.292
1995 0.307
1996 0.313
1997 0.335
1998 0.344
1999 0.308
2000 0.307
2001 0.319
2002 0.336
2003 0.339
2004 0.350
2005 0.373
2006 0.382
2007 0.395
2008 0.430
2009 0.409
2010 0.431
2011 0.467
2012 0.466
2013 0.473
2014 0.487
2015 0.487
2016 0.508
2017 0.535
2018 0.517
2019 0.514
2020 0.520

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