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

PPP conversion factor (GDP) to market exchange rate ratio in Venezuela was at 0.66998, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 venezuela 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.


Venezuela | Economy & Growth

GDP (current US$)
371336634590 USD
GDP (current LCU)
3031242431000 LCU
GDP (constant 2000 US$)
422046539728 USD
GDP (constant LCU)
59810257000 LCU
GNI (current US$)
359548708962 USD
GNI (current LCU)
2970791944500 LCU
GNI (constant 2000 US$)
415523781628 USD
GNI (constant LCU)
58507763512 LCU
Gross savings (current US$)
70623349835 USD
Gross savings (current LCU)
427130019800 LCU