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

PPP conversion factor (GDP) to market exchange rate ratio in Italy was at 0.80589 in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 italy 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.


Italy | Economy & Growth

Stock Markets, US$
63.17 USD
GDP (current US$)
1821496964401 USD
GDP (current LCU)
1642443812800 LCU
GDP (constant 2000 US$)
2058113592715 USD
GDP (constant LCU)
1553875762500 LCU
GNI (current US$)
1811387712099 USD
GNI (current LCU)
1633328300000 LCU
GNI (constant 2000 US$)
2046624657184 USD
GNI (constant LCU)
1545201644737 LCU
Gross savings (current US$)
338947922422 USD
Gross savings (current LCU)
305629341647 LCU