Thailand - 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 Thailand was 0.394 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.417 in 1996 and a minimum value of 0.248 in 2001.

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 0.350
1991 0.359
1992 0.369
1993 0.385
1994 0.397
1995 0.415
1996 0.417
1997 0.346
1998 0.280
1999 0.294
2000 0.275
2001 0.248
2002 0.256
2003 0.266
2004 0.277
2005 0.282
2006 0.306
2007 0.335
2008 0.358
2009 0.346
2010 0.385
2011 0.406
2012 0.394
2013 0.400
2014 0.384
2015 0.369
2016 0.361
2017 0.378
2018 0.394
2019 0.406
2020 0.394

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