Tunisia - 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 Tunisia was 0.325 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.488 in 1995 and a minimum value of 0.300 in 2019.

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 0.454
1991 0.449
1992 0.483
1993 0.435
1994 0.442
1995 0.488
1996 0.486
1997 0.437
1998 0.433
1999 0.424
2000 0.370
2001 0.359
2002 0.366
2003 0.407
2004 0.423
2005 0.411
2006 0.403
2007 0.417
2008 0.452
2009 0.422
2010 0.408
2011 0.424
2012 0.406
2013 0.413
2014 0.412
2015 0.378
2016 0.357
2017 0.328
2018 0.316
2019 0.300
2020 0.325

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