Montenegro | Price level ratio of PPP conversion factor (GDP) to market exchange rate

Price level ratio is the ratio of a purchasing power parity (PPP) conversion factor to an exchange rate. It provides a measure of the differences in price levels between countries by indicating the number of units of the common currency needed to buy the same volume of the aggregation level in each country. At the level of GDP, they provide a measure of the differences in the general price levels of countries. Statistical concept and methodology: For more information on underlying GDP in current international dollar, please refer to the metadata for "GDP, PPP (current international $)" [NY.GDP.MKTP.PP.CD]. For more information on market exchange reate, please refer to the metadata for "DEC alternative conversion factor (LCU per US$)" [PA.NUS.ATLS]. For the concept and methodology of PPP, please refer to the International Comparison Program (ICP)’s website (https://www.worldbank.org/en/programs/icp).
Publisher
The World Bank
Origin
Montenegro
Records
63
Source
Montenegro | Price level ratio of PPP conversion factor (GDP) to market exchange rate
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2000 0.27105979
2001 0.28201066
2002 0.2966956
2003 0.37993207
2004 0.43101444
2005 0.44199905
2006 0.42321814
2007 0.47962018
2008 0.53325733
2009 0.51656282
2010 0.49050202
2011 0.50639685
2012 0.47507989
2013 0.48344559
2014 0.48063167
2015 0.399023
2016 0.38647061
2017 0.39646356
2018 0.41138684
2019 0.37447575
2020 0.37482036
2021 0.40594834
2022 0.37345093

Montenegro | Price level ratio of PPP conversion factor (GDP) to market exchange rate

Price level ratio is the ratio of a purchasing power parity (PPP) conversion factor to an exchange rate. It provides a measure of the differences in price levels between countries by indicating the number of units of the common currency needed to buy the same volume of the aggregation level in each country. At the level of GDP, they provide a measure of the differences in the general price levels of countries. Statistical concept and methodology: For more information on underlying GDP in current international dollar, please refer to the metadata for "GDP, PPP (current international $)" [NY.GDP.MKTP.PP.CD]. For more information on market exchange reate, please refer to the metadata for "DEC alternative conversion factor (LCU per US$)" [PA.NUS.ATLS]. For the concept and methodology of PPP, please refer to the International Comparison Program (ICP)’s website (https://www.worldbank.org/en/programs/icp).
Publisher
The World Bank
Origin
Montenegro
Records
63
Source