Faroe Islands PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio

Faroe Islands PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data was reported at 0.905 Ratio in 2024. This records a decrease from the previous number of 0.909 Ratio for 2023. Faroe Islands PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data is updated yearly, averaging 1.047 Ratio from Dec 2008 (Median) to 2024, with 17 observations. The data reached an all-time high of 1.246 Ratio in 2008 and a record low of 0.891 Ratio in 2022. Faroe Islands PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. The price level ratio, or price level index, is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. At the level of GDP, the price level ratio provides a measure of the differences in the general price levels of countries.;World Development Indicators, World Bank (WB), uri: https://databank.worldbank.org/source/world-development-indicators, publisher: World Development Indicators, type: International database;No aggregation provided for this indicator.;

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What was Faroe Islands's Faroe Islands PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio in 2024?

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