Armenia - Price level ratio of PPP conversion factor (GDP) to market exchange rate

Price level ratio of PPP conversion factor (GDP) to market exchange rate in Armenia was at 0.41445, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 armenia ppp conversion factor gdp to market exchange rate ratio wb data




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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.


Armenia | Economy & Growth

GDP (current US$)
10529182498 USD
GDP (current LCU)
5032089000000 LCU
GDP (constant 2005 US$)
11456794382 USD
GDP (constant LCU)
2131278518845 LCU
GNI (current US$)
10964557495 USD
GNI (current LCU)
5240162678308 LCU
GNI (constant 2005 US$)
11884967075 USD
GNI (constant LCU)
2210621277487 LCU
Gross savings (current LCU)
912583750580 LCU