Myanmar - 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 Myanmar was 0.286 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.329 in 2011 and a minimum value of 0.120 in 1992.

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 0.123
1991 0.124
1992 0.120
1993 0.138
1994 0.172
1995 0.201
1996 0.218
1997 0.197
1998 0.151
1999 0.168
2000 0.178
2001 0.140
2002 0.121
2003 0.134
2004 0.139
2005 0.134
2006 0.128
2007 0.146
2008 0.190
2009 0.219
2010 0.252
2011 0.329
2012 0.320
2013 0.309
2014 0.302
2015 0.292
2016 0.282
2017 0.272
2018 0.273
2019 0.257
2020 0.286

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