Paraguay - 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 Paraguay was 0.383 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.537 in 2013 and a minimum value of 0.197 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 0.255
1991 0.287
1992 0.283
1993 0.266
1994 0.269
1995 0.284
1996 0.297
1997 0.284
1998 0.261
1999 0.249
2000 0.250
2001 0.237
2002 0.197
2003 0.199
2004 0.233
2005 0.246
2006 0.285
2007 0.350
2008 0.445
2009 0.402
2010 0.436
2011 0.507
2012 0.518
2013 0.537
2014 0.534
2015 0.471
2016 0.442
2017 0.451
2018 0.440
2019 0.409
2020 0.383

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