Peru - 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 Peru was 0.516 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.606 in 2012 and a minimum value of 0.356 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 0.356
1991 0.438
1992 0.451
1993 0.406
1994 0.456
1995 0.494
1996 0.489
1997 0.474
1998 0.450
1999 0.395
2000 0.388
2001 0.379
2002 0.373
2003 0.377
2004 0.397
2005 0.413
2006 0.434
2007 0.449
2008 0.476
2009 0.469
2010 0.522
2011 0.560
2012 0.606
2013 0.598
2014 0.580
2015 0.538
2016 0.517
2017 0.537
2018 0.532
2019 0.525
2020 0.516

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