Macao SAR, China - 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 Macao SAR, China was 0.647 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.650 in 2019 and a minimum value of 0.347 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 0.347
1991 0.375
1992 0.423
1993 0.453
1994 0.473
1995 0.501
1996 0.503
1997 0.502
1998 0.487
1999 0.473
2000 0.453
2001 0.436
2002 0.424
2003 0.417
2004 0.414
2005 0.424
2006 0.444
2007 0.468
2008 0.507
2009 0.510
2010 0.527
2011 0.554
2012 0.571
2013 0.581
2014 0.609
2015 0.643
2016 0.640
2017 0.642
2018 0.646
2019 0.650
2020 0.647

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