Ethiopia | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Federal Democratic Republic of Ethiopia
Records
63
Source
Create chart Download showed records Download Full dataset
Ethiopia | DEC alternative conversion factor (LCU per US$)
2.48447 1960
2.48447 1961
2.48447 1962
2.48447 1963
2.5 1964
2.5 1965
2.5 1966
2.5 1967
2.5 1968
2.5 1969
2.5 1970
2.4935 1971
2.3 1972
2.0987 1973
2.07 1974
2.07 1975
2.07 1976
2.07 1977
2.07 1978
2.07 1979
2.07 1980
2.07 1981
2.07 1982
2.07 1983
2.07 1984
2.07 1985
2.07 1986
2.07 1987
2.07 1988
2.07 1989
2.07 1990
2.07 1991
2.8025 1992
4.2717 1993
5.7833 1994
6.2532 1995
6.3183 1996
6.498383 1997
6.882017 1998
7.5109 1999
8.148142 2000
8.3278 2001
8.5427 2002
8.5805 2003
8.6195 2004
8.6516 2005
8.6809 2006
8.794 2007
9.244 2008
10.419 2009
12.891 2010
16.12 2011
17.255 2012
18.194175 2013
19.0752 2014
20.095602 2015
21.105864 2016
22.413674 2017
26.108247 2018
28.054195 2019
31.347 2020
39.016273 2021
48.567356 2022
Ethiopia | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Federal Democratic Republic of Ethiopia
Records
63
Source
Create chart Download showed records Download Full dataset