Honduras - 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 Honduras was 0.441 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.528 in 2012 and a minimum value of 0.373 in 1996.

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 0.479
1991 0.452
1992 0.443
1993 0.405
1994 0.373
1995 0.397
1996 0.373
1997 0.384
1998 0.406
1999 0.407
2000 0.417
2001 0.423
2002 0.412
2003 0.406
2004 0.401
2005 0.404
2006 0.412
2007 0.428
2008 0.453
2009 0.484
2010 0.501
2011 0.528
2012 0.528
2013 0.504
2014 0.492
2015 0.474
2016 0.452
2017 0.438
2018 0.429
2019 0.428
2020 0.441

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