Israel - PPP conversion factor (GDP) to market exchange rate ratio

PPP conversion factor (GDP) to market exchange rate ratio in Israel was at 0.97685 in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 israel 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.


Israel | Economy & Growth

GDP (current US$)
299415714727 USD
GDP (current LCU)
1163769000000 LCU
GDP (constant 2000 US$)
277531860242 USD
GDP (constant LCU)
1037694000000 LCU
GNI (current US$)
295008914727 USD
GNI (current LCU)
1146640649760 LCU
GNI (constant 2000 US$)
273303467763 USD
GNI (constant LCU)
1021884003147 LCU
Gross savings (current US$)
73386035412 USD
Gross savings (current LCU)
285236842440 LCU