Suriname - 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 Suriname was 0.294 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.609 in 2010 and a minimum value of 0.205 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 0.205
1991 0.265
1992 0.233
1993 0.246
1994 0.329
1995 0.332
1996 0.363
1997 0.363
1998 0.422
1999 0.334
2000 0.342
2001 0.283
2002 0.337
2003 0.362
2004 0.379
2005 0.425
2006 0.464
2007 0.480
2008 0.544
2009 0.575
2010 0.609
2011 0.571
2012 0.583
2013 0.559
2014 0.549
2015 0.533
2016 0.390
2017 0.344
2018 0.356
2019 0.345
2020 0.294

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