Indicator Definition:
Purchasing power parity (PPP) conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries, thereby allowing volume comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for household final consumption expenditure.
The indicator "PPP conversion factor, private consumption (LCU per international $)" stands at 7.70 usd as of 12/31/2024, the highest value at least since 12/31/1991, the period currently displayed.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 1.37 percent compared to the value the year prior.
The 1 year change in percent is 1.37.
The 3 year change in percent is 2.36.
The 5 year change in percent is 6.36.
The 10 year change in percent is 32.41.
| Measure | Realization |
| Indicator Name: | PPP conversion factor, private consumption (LCU per international $) |
| Indicator Source: | International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. | macro-rankings.com |
| Indicator Description: | Purchasing power parity (PPP) conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries, thereby allowing volume comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for household final consumption expenditure. |
| Observations Date: | 12/31/1990 |