Marshall Islands - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Marshall Islands was 0.996 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.996 in 2020 and a minimum value of 0.851 in 1990.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.851
1991 0.865
1992 0.871
1993 0.877
1994 0.881
1995 0.887
1996 0.895
1997 0.939
1998 0.950
1999 0.965
2000 0.940
2001 0.917
2002 0.933
2003 0.929
2004 0.903
2005 0.882
2006 0.890
2007 0.880
2008 0.943
2009 0.894
2010 0.887
2011 0.939
2012 0.988
2013 0.956
2014 0.934
2015 0.919
2016 0.984
2017 0.989
2018 0.970
2019 0.965
2020 0.996

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 Marshall Islands was 0.996 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.996 in 2020 and a minimum value of 0.851 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 0.851
1991 0.865
1992 0.871
1993 0.877
1994 0.881
1995 0.887
1996 0.895
1997 0.939
1998 0.950
1999 0.965
2000 0.940
2001 0.917
2002 0.933
2003 0.929
2004 0.903
2005 0.882
2006 0.890
2007 0.880
2008 0.943
2009 0.894
2010 0.887
2011 0.939
2012 0.988
2013 0.956
2014 0.934
2015 0.919
2016 0.984
2017 0.989
2018 0.970
2019 0.965
2020 0.996

PPP conversion factor, private consumption (LCU per international $)

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
2011 1.08

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity