Iran - 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 Iran was 0.182 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.497 in 2012 and a minimum value of 0.124 in 1993.

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 0.308
1993 0.124
1994 0.139
1995 0.179
1996 0.209
1997 0.193
1998 0.181
1999 0.182
2000 0.162
2001 0.182
2002 0.169
2003 0.183
2004 0.211
2005 0.236
2006 0.257
2007 0.304
2008 0.350
2009 0.347
2010 0.380
2011 0.432
2012 0.497
2013 0.394
2014 0.367
2015 0.361
2016 0.375
2017 0.380
2018 0.261
2019 0.241
2020 0.182

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