Greenland PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio

Greenland PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data was reported at 0.742 Ratio in 2023. This records an increase from the previous number of 0.735 Ratio for 2022. Greenland PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data is updated yearly, averaging 0.843 Ratio from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 0.951 Ratio in 1995 and a record low of 0.630 Ratio in 2001. Greenland 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 Greenland – Table GL.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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