Palau PW: PPP Conversion Factor: Private Consumption

Palau PW: PPP Conversion Factor: Private Consumption data was reported at 0.938 USD/Intl $ in 2016. This records a decrease from the previous number of 0.960 USD/Intl $ for 2015. Palau PW: PPP Conversion Factor: Private Consumption data is updated yearly, averaging 0.878 USD/Intl $ from Dec 2001 to 2016, with 16 observations. The data reached an all-time high of 0.960 USD/Intl $ in 2015 and a record low of 0.774 USD/Intl $ in 2003. Palau PW: PPP Conversion Factor: Private Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Palau – Table PW.World Bank: Gross Domestic Product: Purchasing Power Parity. 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. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; ;

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