Lithuania - 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 Lithuania was 0.520 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 0.721 in 2008 and a minimum value of 0.365 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
1995 0.366
1996 0.365
1997 0.400
1998 0.408
1999 0.398
2000 0.390
2001 0.374
2002 0.395
2003 0.456
2004 0.514
2005 0.541
2006 0.560
2007 0.643
2008 0.721
2009 0.652
2010 0.596
2011 0.628
2012 0.582
2013 0.589
2014 0.587
2015 0.495
2016 0.485
2017 0.500
2018 0.527
2019 0.508
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