Belarus - 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 Belarus was 0.317 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.459 in 2008 and a minimum value of 0.199 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 0.406
1991 0.331
1992 0.339
1993 0.342
1994 0.348
1995 0.356
1996 0.359
1997 0.303
1998 0.298
1999 0.227
2000 0.220
2001 0.199
2002 0.220
2003 0.247
2004 0.280
2005 0.324
2006 0.350
2007 0.384
2008 0.459
2009 0.381
2010 0.393
2011 0.394
2012 0.384
2013 0.421
2014 0.439
2015 0.330
2016 0.283
2017 0.315
2018 0.327
2019 0.340
2020 0.317

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