Eswatini - 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 Eswatini was 0.386 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.558 in 2011 and a minimum value of 0.276 in 2002.

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 0.385
1991 0.380
1992 0.400
1993 0.400
1994 0.400
1995 0.448
1996 0.399
1997 0.408
1998 0.361
1999 0.339
2000 0.366
2001 0.315
2002 0.276
2003 0.400
2004 0.473
2005 0.497
2006 0.471
2007 0.463
2008 0.428
2009 0.454
2010 0.536
2011 0.558
2012 0.548
2013 0.486
2014 0.459
2015 0.418
2016 0.393
2017 0.466
2018 0.471
2019 0.434
2020 0.386

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