Sri Lanka - 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 Sri Lanka was 0.278 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.355 in 2011 and a minimum value of 0.219 in 2002.

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 0.249
1991 0.258
1992 0.260
1993 0.253
1994 0.266
1995 0.275
1996 0.277
1997 0.278
1998 0.275
1999 0.258
2000 0.248
2001 0.220
2002 0.219
2003 0.231
2004 0.234
2005 0.252
2006 0.263
2007 0.275
2008 0.320
2009 0.317
2010 0.342
2011 0.355
2012 0.325
2013 0.333
2014 0.339
2015 0.333
2016 0.318
2017 0.324
2018 0.308
2019 0.283
2020 0.278

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