Sierra Leone - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Sierra Leone was 2,898.88 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 2,898.88 in 2020 and a minimum value of 29.35 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 29.35
1991 64.95
1992 115.60
1993 143.11
1994 175.23
1995 229.30
1996 291.79
1997 293.12
1998 358.77
1999 414.47
2000 418.71
2001 712.25
2002 673.70
2003 748.35
2004 822.13
2005 929.88
2006 1,013.85
2007 1,054.42
2008 1,137.67
2009 1,216.93
2010 1,409.53
2011 1,620.58
2012 1,750.44
2013 1,778.18
2014 1,808.76
2015 1,881.81
2016 1,975.34
2017 2,245.00
2018 2,499.77
2019 2,645.09
2020 2,898.88

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 Sierra Leone was 0.295 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.410 in 2013 and a minimum value of 0.194 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 0.194
1991 0.220
1992 0.231
1993 0.252
1994 0.299
1995 0.304
1996 0.317
1997 0.299
1998 0.229
1999 0.230
2000 0.200
2001 0.359
2002 0.321
2003 0.319
2004 0.304
2005 0.322
2006 0.342
2007 0.353
2008 0.382
2009 0.359
2010 0.354
2011 0.373
2012 0.403
2013 0.410
2014 0.400
2015 0.371
2016 0.314
2017 0.304
2018 0.315
2019 0.294
2020 0.295

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

The value for PPP conversion factor, private consumption (LCU per international $) in Sierra Leone was 3,255 as of 2021. As the graph below shows, over the past 15 years this indicator reached a maximum value of 3,255 in 2021 and a minimum value of 1,371 in 2006.

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
2006 1,371
2007 1,488
2008 1,550
2009 1,672
2010 1,763
2011 1,826
2012 1,787
2013 1,820
2014 1,803
2015 1,832
2016 1,905
2017 2,129
2018 2,411
2019 2,719
2020 3,046
2021 3,255

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity