Russia - 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 Russia was 0.340 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.635 in 2012 and a minimum value of 0.225 in 1999.

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 0.435
1991 0.444
1992 0.452
1993 0.457
1994 0.464
1995 0.475
1996 0.479
1997 0.480
1998 0.336
1999 0.225
2000 0.260
2001 0.285
2002 0.296
2003 0.321
2004 0.401
2005 0.450
2006 0.464
2007 0.547
2008 0.577
2009 0.442
2010 0.521
2011 0.628
2012 0.635
2013 0.613
2014 0.547
2015 0.387
2016 0.361
2017 0.413
2018 0.392
2019 0.384
2020 0.340

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