Australia - 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 Australia was at 1.2166 in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 australia 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.


Australia | Economy & Growth

GDP (current US$)
1339140527498 USD
GDP (current LCU)
1609513000000 LCU
GDP (constant 2005 US$)
1301024566004 USD
GDP (constant LCU)
1620073000000 LCU
GNI (current US$)
1311629919294 USD
GNI (current LCU)
1576448000000 LCU
GNI (constant 2005 US$)
1274357472488 USD
GNI (constant LCU)
1587532364094 LCU
Gross savings (current US$)
308227129422 USD
Gross savings (current LCU)
370458186852 LCU