Greece | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Hellenic Republic
Records
63
Source
Create chart Download showed records Download Full dataset
Greece | DEC alternative conversion factor (LCU per US$)
0.08804109 1960
0.08804109 1961
0.08804109 1962
0.08804109 1963
0.08804109 1964
0.08804109 1965
0.08804109 1966
0.08804109 1967
0.08804109 1968
0.08804109 1969
0.088 1970
0.088 1971
0.088 1972
0.0869 1973
0.088 1974
0.0941 1975
0.1072 1976
0.1081 1977
0.1078 1978
0.1087 1979
0.1251 1980
0.1626 1981
0.196 1982
0.2584 1983
0.3308 1984
0.4053 1985
0.4108 1986
0.3974 1987
0.4163 1988
0.4766 1989
0.4652 1990
0.5349 1991
0.5594 1992
0.6728 1993
0.712 1994
0.6799 1995
0.7064 1996
0.8013 1997
0.8673 1998
0.93828307 1999
1.08270508 2000
1.11653309 2001
1.057559 2002
0.88404793 2003
0.80392165 2004
0.80380019 2005
0.79643273 2006
0.7296724 2007
0.67992268 2008
0.7169577 2009
0.75430899 2010
0.7184139 2011
0.77833812 2012
0.75294512 2013
0.7527282 2014
0.90129642 2015
0.90342144 2016
0.88520551 2017
0.84677267 2018
0.89327626 2019
0.8755064 2020
0.84549414 2021
0.94962375 2022
Greece | 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
Hellenic Republic
Records
63
Source
Create chart Download showed records Download Full dataset