Chad - 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 Chad was 0.411 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.624 in 2013 and a minimum value of 0.226 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 0.435
1991 0.419
1992 0.380
1993 0.342
1994 0.245
1995 0.291
1996 0.311
1997 0.278
1998 0.290
1999 0.253
2000 0.226
2001 0.244
2002 0.259
2003 0.304
2004 0.357
2005 0.426
2006 0.459
2007 0.504
2008 0.576
2009 0.491
2010 0.491
2011 0.548
2012 0.559
2013 0.624
2014 0.608
2015 0.426
2016 0.417
2017 0.420
2018 0.450
2019 0.431
2020 0.411

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