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

PPP conversion factor (GDP) to market exchange rate ratio in Kiribati was at 0.71401 in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 kiribati 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.


Kiribati | Economy & Growth

GDP (current US$)
160121929 USD
GDP (current LCU)
213138300 LCU
GDP (constant 2000 US$)
181627864 USD
GDP (constant LCU)
169082300 LCU
GNI (current US$)
339276087 USD
GNI (current LCU)
451610400 LCU
GNI (constant 2000 US$)
222744359 USD