Madagascar - 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 Madagascar was 0.305 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.352 in 2013 and a minimum value of 0.213 in 2004.

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 0.280
1991 0.239
1992 0.264
1993 0.276
1994 0.234
1995 0.246
1996 0.304
1997 0.249
1998 0.244
1999 0.224
2000 0.227
2001 0.246
2002 0.272
2003 0.289
2004 0.213
2005 0.228
2006 0.229
2007 0.281
2008 0.325
2009 0.302
2010 0.307
2011 0.343
2012 0.338
2013 0.352
2014 0.341
2015 0.302
2016 0.296
2017 0.325
2018 0.321
2019 0.310
2020 0.305

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