Ukraine - 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 Ukraine was 0.285 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.431 in 2008 and a minimum value of 0.154 in 2000.

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 0.206
1991 0.207
1992 0.215
1993 0.217
1994 0.221
1995 0.226
1996 0.228
1997 0.260
1998 0.219
1999 0.163
2000 0.154
2001 0.169
2002 0.176
2003 0.187
2004 0.210
2005 0.263
2006 0.297
2007 0.356
2008 0.431
2009 0.326
2010 0.360
2011 0.401
2012 0.413
2013 0.377
2014 0.289
2015 0.209
2016 0.196
2017 0.222
2018 0.245
2019 0.274
2020 0.285

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