Spain ES: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio

Spain ES: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data was reported at 0.739 % in 2017. This records an increase from the previous number of 0.733 % for 2016. Spain ES: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data is updated yearly, averaging 0.894 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 1.085 % in 1992 and a record low of 0.668 % in 2001. Spain ES: 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 Spain – Table ES.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 amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States. PPP conversion factors are based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; ;

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