Kyrgyz Republic - 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 Kyrgyz Republic was 0.236 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.341 in 2011 and a minimum value of 0.147 in 1999.

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 0.239
1991 0.242
1992 0.247
1993 0.250
1994 0.254
1995 0.260
1996 0.262
1997 0.227
1998 0.204
1999 0.147
2000 0.150
2001 0.155
2002 0.161
2003 0.176
2004 0.185
2005 0.200
2006 0.217
2007 0.261
2008 0.319
2009 0.281
2010 0.285
2011 0.341
2012 0.326
2013 0.317
2014 0.299
2015 0.266
2016 0.239
2017 0.246
2018 0.249
2019 0.251
2020 0.236

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