PPP conversion factor (GDP) to market exchange rate ratio in Portugal

The PPP conversion factor (GDP) to market exchange rate ratio in Portugal was last reported at 0.84 in 2010, according to a World Bank report released in 2011. The PPP conversion factor (GDP) to market exchange rate ratio in Portugal was 0.88 in 2009, according to a World Bank report, published in 2010. The PPP conversion factor (GDP) to market exchange rate ratio in Portugal was reported at 0.95 in 2008, 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 includes a historical data chart, news and forecasts for PPP conversion factor (GDP) to market exchange rate ratio in Portugal. Portugal has become a diversified and increasingly service-based economy since joining the European Community in 1986. Over the past two decades, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. Economic growth had been above the EU average for much of the 1990s, but has been below par during the last decade.

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