PPP conversion factor (GDP) to market exchange rate ratio in Papua New Guinea

PPP conversion factor (GDP) to market exchange rate ratio in Papua New Guinea was last measured at 0.79 in 2014, according to the World Bank. 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. This page has the latest recorded value, an historical data chart and related indicators for PPP conversion factor (GDP) to market exchange rate ratio in Papua New Guinea.



 papua new guinea ppp conversion factor gdp to market exchange rate ratio wb data




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