Purchasing power parity (PPP). International Comparison Program Database. One dataset is provided: PPP conversion factor, GDP (LCU per international $).Description Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would … The World Development Indicators (WDI) publication is the World Bank's premier annual compilation of data about development. It provides a measure of the differences in price levels between countries by indicating the number of units of the common currency needed to buy the same volume of the aggregation level in each country. The exchange rates used to translate monetary values in local currencies into ‘international dollars’ (int-$) are the ‘purchasing power parity conversion rates’ (also called PPP conversion factors). PPP conversion factor, GDP (LCU per international $) Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. 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. For many developing countries, the PPP is estimated using a multiple of the official exchange rate (OER) measure. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. This conversion factor is for GDP. Purchasing power parities (PPP) Purchasing power parities (PPPs) are the rates of currency conversion that try to equalise the purchasing power of different currencies, by eliminating the differences in price levels between countries. PPP conversion factor, GDP (LCU per international $) - Greece from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). World Bank (2016) PPP Conversion Factor, GDP (LCU per International $). Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. Below we discuss where PPP rates come from, and why they can often be more useful for comparisons than market exchange rates. Find Out World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources. It provides a map that shows the PPP ratio compared to the United States. The WDI provides a comprehensive overview of development drawing on data from the World Bank and more than 30 partners. Price level ratio is the ratio of a purchasing power parity (PPP) conversion factor to an exchange rate. The World Bank computes PPP for each country in the world. PPP conversion factor, GDP (LCU per international $) - India from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). It presents the most current and accurate global development data available, and includes national, regional and global estimates. The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. Find Out Historical estimates are provided for the 2005 benchmark year only. This conversion factor is for GDP. Data are sourced from the World Bank, International Comparison Program database. 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