{"id": 1008411, "name": "PPP conversion factor, private consumption (LCU per international $)", "unit": "LCU per international $", "createdAt": "2025-01-29T08:46:30.000Z", "updatedAt": "2025-07-04T09:10:04.000Z", "coverage": "", "timespan": "1990-2023", "datasetId": 6912, "shortUnit": "LCU", "columnOrder": 0, "shortName": "pa_nus_prvt_pp", "catalogPath": "grapher/worldbank_wdi/2025-01-24/wdi/wdi#pa_nus_prvt_pp", "descriptionFromProducer": "Purchasing power parity (PPP) conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries, thereby allowing volume comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for household final consumption expenditure.\n\n### Limitations and exceptions:\nGlobal PPP estimates provided by ICP are produced by the ICP Global Office and regional implementing agencies, based on data supplied by participating countries, and in accordance with the methodology recommended by the ICP Technical Advisory Group and approved by the ICP Governing Board. As such, these results are not produced by participating countries as part of their national official statistics.\n\nPPPs are not recommended use: As a precise measure to establish strict rankings of countries | As a means of constructing national growth rates | As a measure to generate output and productivity comparisons by industry | As an indicator of the undervaluation or overvaluation of currencies | As an equilibrium exchange rate.\n\n### Statistical concept and methodology:\nPPPs are both currency conversion factors and spatial price indexes. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by controlling differences in price levels between countries.\n\nTypically, higher income countries have higher price levels, while lower income countries have lower price levels (Balassa-Samuelson effect). Market exchange rate-based cross-country comparisons of GDP at its expenditure components reflect both differences in economic outputs (volumes) and prices. Given the differences in price levels, the size of higher income countries is inflated, while the size of lower income countries is depressed in the comparison. PPP-based cross-country comparisons of GDP at its expenditure components only reflect differences in economic outputs (volume), as PPPs control for price level differences between the countries. Hence, the comparison reflects the real size of the countries.\n\nThe International Comparison Program (ICP) estimates PPPs for the world\u2019s countries. The ICP is conducted as a global partnership of countries, multilateral agencies, and academia. The most recent 2021 ICP comparison covered 176 countries, including 47 Eurostat-OECD countries. For countries that have not participated in ICP comparisons, the PPP are imputed based on a regression model.\n\nICP estimated PPPs cover years from 2011 to 2021. WDI extrapolates 2011 PPPs for years earlier years, and 2021 PPPs for later years. Description of WDI extrapolation approach is available here: https://datahelpdesk.worldbank.org/knowledgebase/articles/665452-how-do-you-extrapolate-the-ppp-conversion-factors\n\nFor the member countries of Eurostat-OECD PPP Programme, PPP conversion factors are periodically updated based on the organizations\u2019 databases. For Eurostat-OECD PPP Programme, please refer to the following websites.\n(http://www.oecd.org/sdd/prices-ppp/)\n(https://ec.europa.eu/eurostat/web/purchasing-power-parities/overview)\n\nFor more information on the ICP and PPPs, please refer to the ICP website at https://www.worldbank.org/en/programs/icp.", "type": "float", "dataChecksum": "17599016535101834792", "metadataChecksum": "-1891002324188021895", "datasetName": "World Development Indicators", "updatePeriodDays": 365, "datasetVersion": "2025-01-24", "nonRedistributable": false, "display": {"unit": "LCU per international $", "shortUnit": "LCU"}, "schemaVersion": 2, "presentation": {}, "dimensions": {"years": {"values": [{"id": 2004}, {"id": 2005}, {"id": 2006}, {"id": 2007}, {"id": 2008}, {"id": 2009}, {"id": 2010}, {"id": 2011}, {"id": 2012}, {"id": 2013}, {"id": 2014}, {"id": 2015}, {"id": 2016}, {"id": 2017}, {"id": 2018}, {"id": 2019}, {"id": 2020}, {"id": 2021}, {"id": 1991}, {"id": 1992}, {"id": 1993}, {"id": 1994}, {"id": 1995}, {"id": 1996}, {"id": 1997}, {"id": 1998}, {"id": 1999}, {"id": 2000}, {"id": 2001}, {"id": 2002}, {"id": 2003}, {"id": 2022}, {"id": 2023}, {"id": 1990}]}, "entities": {"values": [{"id": 15, "name": "Afghanistan", "code": "AFG"}, {"id": 16, "name": "Albania", "code": "ALB"}, {"id": 17, "name": "Algeria", "code": "DZA"}, {"id": 246, "name": "American Samoa", "code": "ASM"}, {"id": 18, "name": "Andorra", "code": "AND"}, {"id": 19, "name": "Angola", "code": "AGO"}, {"id": 20, "name": "Antigua and Barbuda", "code": "ATG"}, {"id": 21, "name": "Argentina", "code": "ARG"}, {"id": 22, "name": "Armenia", "code": "ARM"}, {"id": 219, "name": "Aruba", "code": "ABW"}, {"id": 23, "name": "Australia", "code": "AUS"}, {"id": 24, "name": "Austria", "code": "AUT"}, {"id": 25, "name": "Azerbaijan", "code": "AZE"}, {"id": 26, "name": "Bahamas", "code": "BHS"}, {"id": 27, "name": "Bahrain", "code": "BHR"}, {"id": 28, "name": "Bangladesh", "code": "BGD"}, {"id": 29, "name": "Barbados", "code": "BRB"}, {"id": 30, "name": "Belarus", "code": "BLR"}, {"id": 4, "name": "Belgium", "code": "BEL"}, {"id": 31, "name": "Belize", "code": "BLZ"}, {"id": 32, "name": "Benin", "code": "BEN"}, {"id": 194, "name": "Bermuda", "code": "BMU"}, {"id": 33, "name": "Bhutan", "code": "BTN"}, {"id": 34, "name": "Bolivia", "code": "BOL"}, {"id": 35, "name": "Bosnia and Herzegovina", "code": "BIH"}, {"id": 36, "name": "Botswana", "code": "BWA"}, {"id": 37, "name": "Brazil", "code": "BRA"}, {"id": 196, "name": "British Virgin Islands", "code": "VGB"}, {"id": 38, "name": "Brunei", "code": "BRN"}, {"id": 39, "name": "Bulgaria", "code": "BGR"}, {"id": 40, "name": "Burkina Faso", "code": "BFA"}, {"id": 41, "name": "Burundi", "code": "BDI"}, {"id": 42, "name": "Cambodia", "code": "KHM"}, {"id": 43, "name": "Cameroon", "code": "CMR"}, {"id": 44, "name": "Canada", "code": "CAN"}, {"id": 45, "name": "Cape Verde", "code": "CPV"}, {"id": 197, "name": "Cayman Islands", "code": "CYM"}, {"id": 174, "name": "Central African Republic", "code": "CAF"}, {"id": 173, "name": "Chad", "code": "TCD"}, {"id": 172, "name": "Chile", "code": "CHL"}, {"id": 171, "name": "China", "code": "CHN"}, {"id": 170, "name": "Colombia", "code": "COL"}, {"id": 169, "name": "Comoros", "code": "COM"}, {"id": 168, "name": "Congo", "code": "COG"}, {"id": 166, "name": "Costa Rica", "code": "CRI"}, {"id": 143, "name": "Cote d'Ivoire", "code": "CIV"}, {"id": 165, "name": "Croatia", "code": "HRV"}, {"id": 279, "name": "Curacao", "code": "CUW"}, {"id": 163, "name": "Cyprus", "code": "CYP"}, {"id": 162, "name": "Czechia", "code": "CZE"}, {"id": 167, "name": "Democratic Republic of Congo", "code": "COD"}, {"id": 161, "name": "Denmark", "code": "DNK"}, {"id": 154, "name": "Djibouti", "code": "DJI"}, {"id": 200, "name": "Dominica", "code": "DMA"}, {"id": 160, "name": "Dominican Republic", "code": "DOM"}, {"id": 225, "name": "East Timor", "code": "TLS"}, {"id": 201, "name": "Ecuador", "code": "ECU"}, {"id": 65, "name": "Egypt", "code": "EGY"}, {"id": 259, "name": "El Salvador", "code": "SLV"}, {"id": 159, "name": "Equatorial Guinea", "code": "GNQ"}, {"id": 157, "name": "Eritrea", "code": "ERI"}, {"id": 156, "name": "Estonia", "code": "EST"}, {"id": 78, "name": "Eswatini", "code": "SWZ"}, {"id": 158, "name": "Ethiopia", "code": "ETH"}, {"id": 98858, "name": "Faeroe Islands", "code": null}, {"id": 202, "name": "Fiji", "code": "FJI"}, {"id": 155, "name": "Finland", "code": "FIN"}, {"id": 3, "name": "France", "code": "FRA"}, {"id": 203, "name": "French Polynesia", "code": "PYF"}, {"id": 153, "name": "Gabon", "code": "GAB"}, {"id": 151, "name": "Gambia", "code": "GMB"}, {"id": 152, "name": "Georgia", "code": "GEO"}, {"id": 6, "name": "Germany", "code": "DEU"}, {"id": 150, "name": "Ghana", "code": "GHA"}, {"id": 149, "name": "Greece", "code": "GRC"}, {"id": 205, "name": "Greenland", "code": "GRL"}, {"id": 206, "name": "Grenada", "code": "GRD"}, {"id": 254, "name": "Guam", "code": "GUM"}, {"id": 148, "name": "Guatemala", "code": "GTM"}, {"id": 147, "name": "Guinea", "code": "GIN"}, {"id": 94, "name": "Guinea-Bissau", "code": "GNB"}, {"id": 146, "name": "Guyana", "code": "GUY"}, {"id": 145, "name": "Haiti", "code": "HTI"}, {"id": 139, "name": "Honduras", "code": "HND"}, {"id": 144, "name": "Hong Kong", "code": "HKG"}, {"id": 138, "name": "Hungary", "code": "HUN"}, {"id": 207, "name": "Iceland", "code": "ISL"}, {"id": 137, "name": "India", "code": "IND"}, {"id": 136, "name": "Indonesia", "code": "IDN"}, {"id": 135, "name": "Iran", "code": "IRN"}, {"id": 134, "name": "Iraq", "code": "IRQ"}, {"id": 2, "name": "Ireland", "code": "IRL"}, {"id": 133, "name": "Israel", "code": "ISR"}, {"id": 8, "name": "Italy", "code": "ITA"}, {"id": 132, "name": "Jamaica", "code": "JAM"}, {"id": 14, "name": "Japan", "code": "JPN"}, {"id": 130, "name": "Jordan", "code": "JOR"}, {"id": 131, "name": "Kazakhstan", "code": "KAZ"}, {"id": 129, "name": "Kenya", "code": "KEN"}, {"id": 204, "name": "Kiribati", "code": "KIR"}, {"id": 379, "name": "Kosovo", "code": "OWID_KOS"}, {"id": 208, "name": "Kuwait", "code": "KWT"}, {"id": 126, "name": "Kyrgyzstan", "code": "KGZ"}, {"id": 125, "name": "Laos", "code": "LAO"}, {"id": 122, "name": "Latvia", "code": "LVA"}, {"id": 124, "name": "Lebanon", "code": "LBN"}, {"id": 123, "name": "Lesotho", "code": "LSO"}, {"id": 121, "name": "Liberia", "code": "LBR"}, {"id": 120, "name": "Libya", "code": "LBY"}, {"id": 119, "name": "Lithuania", "code": "LTU"}, {"id": 210, "name": "Luxembourg", "code": "LUX"}, {"id": 262, "name": "Macao", "code": "MAC"}, {"id": 118, "name": "Madagascar", "code": "MDG"}, {"id": 117, "name": "Malawi", "code": "MWI"}, {"id": 116, "name": "Malaysia", "code": "MYS"}, {"id": 211, "name": "Maldives", "code": "MDV"}, {"id": 115, "name": "Mali", "code": "MLI"}, {"id": 212, "name": "Malta", "code": "MLT"}, {"id": 223, "name": "Marshall Islands", "code": "MHL"}, {"id": 114, "name": "Mauritania", "code": "MRT"}, {"id": 213, "name": "Mauritius", "code": "MUS"}, {"id": 113, "name": "Mexico", "code": "MEX"}, {"id": 222, "name": "Micronesia (country)", "code": "FSM"}, {"id": 111, "name": "Moldova", "code": "MDA"}, {"id": 112, "name": "Mongolia", "code": "MNG"}, {"id": 215, "name": "Montenegro", "code": "MNE"}, {"id": 110, "name": "Morocco", "code": "MAR"}, {"id": 109, "name": "Mozambique", "code": "MOZ"}, {"id": 142, "name": "Myanmar", "code": "MMR"}, {"id": 108, "name": "Namibia", "code": "NAM"}, {"id": 218, "name": "Nauru", "code": "NRU"}, {"id": 107, "name": "Nepal", "code": "NPL"}, {"id": 5, "name": "Netherlands", "code": "NLD"}, {"id": 220, "name": "New Caledonia", "code": "NCL"}, {"id": 106, "name": "New Zealand", "code": "NZL"}, {"id": 105, "name": "Nicaragua", "code": "NIC"}, {"id": 104, "name": "Niger", "code": "NER"}, {"id": 103, "name": "Nigeria", "code": "NGA"}, {"id": 66, "name": "North Macedonia", "code": "MKD"}, {"id": 266, "name": "Northern Mariana Islands", "code": "MNP"}, {"id": 102, "name": "Norway", "code": "NOR"}, {"id": 217, "name": "Oman", "code": "OMN"}, {"id": 101, "name": "Pakistan", "code": "PAK"}, {"id": 224, "name": "Palau", "code": "PLW"}, {"id": 140, "name": "Palestine", "code": "PSE"}, {"id": 100, "name": "Panama", "code": "PAN"}, {"id": 99, "name": "Papua New Guinea", "code": "PNG"}, {"id": 98, "name": "Paraguay", "code": "PRY"}, {"id": 97, "name": "Peru", "code": "PER"}, {"id": 96, "name": "Philippines", "code": "PHL"}, {"id": 11, "name": "Poland", "code": "POL"}, {"id": 95, "name": "Portugal", "code": "PRT"}, {"id": 93, "name": "Puerto Rico", "code": "PRI"}, {"id": 226, "name": "Qatar", "code": "QAT"}, {"id": 92, "name": "Romania", "code": "ROU"}, {"id": 12, "name": "Russia", "code": "RUS"}, {"id": 91, "name": "Rwanda", "code": "RWA"}, {"id": 227, "name": "Saint Kitts and Nevis", "code": "KNA"}, {"id": 229, "name": "Saint Lucia", "code": "LCA"}, {"id": 230, "name": "Saint Vincent and the Grenadines", "code": "VCT"}, {"id": 239, "name": "Samoa", "code": "WSM"}, {"id": 231, "name": "San Marino", "code": "SMR"}, {"id": 232, "name": "Sao Tome and Principe", "code": "STP"}, {"id": 90, "name": "Saudi Arabia", "code": "SAU"}, {"id": 89, "name": "Senegal", "code": "SEN"}, {"id": 88, "name": "Serbia", "code": "SRB"}, {"id": 233, "name": "Seychelles", "code": "SYC"}, {"id": 87, "name": "Sierra Leone", "code": "SLE"}, {"id": 86, "name": "Singapore", "code": "SGP"}, {"id": 281, "name": "Sint Maarten (Dutch part)", "code": "SXM"}, {"id": 85, "name": "Slovakia", "code": "SVK"}, {"id": 83, "name": "Slovenia", "code": "SVN"}, {"id": 195, "name": "Solomon Islands", "code": "SLB"}, {"id": 82, "name": "Somalia", "code": "SOM"}, {"id": 81, "name": "South Africa", "code": "ZAF"}, {"id": 127, "name": "South Korea", "code": "KOR"}, {"id": 258, "name": "South Sudan", "code": "SSD"}, {"id": 9, "name": "Spain", "code": "ESP"}, {"id": 141, "name": "Sri Lanka", "code": "LKA"}, {"id": 79, "name": "Sudan", "code": "SDN"}, {"id": 234, "name": "Suriname", "code": "SUR"}, {"id": 10, "name": "Sweden", "code": "SWE"}, {"id": 7, "name": "Switzerland", "code": "CHE"}, {"id": 77, "name": "Syria", "code": "SYR"}, {"id": 76, "name": "Tajikistan", "code": "TJK"}, {"id": 64, "name": "Tanzania", "code": "TZA"}, {"id": 75, "name": "Thailand", "code": "THA"}, {"id": 74, "name": "Togo", "code": "TGO"}, {"id": 235, "name": "Tonga", "code": "TON"}, {"id": 73, "name": "Trinidad and Tobago", "code": "TTO"}, {"id": 71, "name": "Tunisia", "code": "TUN"}, {"id": 70, "name": "Turkey", "code": "TUR"}, {"id": 69, "name": "Turkmenistan", "code": "TKM"}, {"id": 236, "name": "Turks and Caicos Islands", "code": "TCA"}, {"id": 237, "name": "Tuvalu", "code": "TUV"}, {"id": 68, "name": "Uganda", "code": "UGA"}, {"id": 67, "name": "Ukraine", "code": "UKR"}, {"id": 72, "name": "United Arab Emirates", "code": "ARE"}, {"id": 1, "name": "United Kingdom", "code": "GBR"}, {"id": 13, "name": "United States", "code": "USA"}, {"id": 256, "name": "United States Virgin Islands", "code": "VIR"}, {"id": 63, "name": "Uruguay", "code": "URY"}, {"id": 62, "name": "Uzbekistan", "code": "UZB"}, {"id": 221, "name": "Vanuatu", "code": "VUT"}, {"id": 238, "name": "Venezuela", "code": "VEN"}, {"id": 84, "name": "Vietnam", "code": "VNM"}, {"id": 61, "name": "Yemen", "code": "YEM"}, {"id": 60, "name": "Zambia", "code": "ZMB"}, {"id": 80, "name": "Zimbabwe", "code": "ZWE"}]}}, "origins": [{"id": 5964, "title": "World Development Indicators", "description": "The World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate global development data available, and includes national, regional and global estimates.", "producer": "Eurostat, OECD, and World Bank", "citationFull": "International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. Indicator PA.NUS.PRVT.PP (https://data.worldbank.org/indicator/PA.NUS.PRVT.PP). World Development Indicators - World Bank (2025). Accessed on 2025-01-24.", "urlMain": "https://data.worldbank.org/indicator/PA.NUS.PRVT.PP", "urlDownload": "https://datacatalogfiles.worldbank.org/ddh-published/0037712/DR0045575/WDI_CSV_2024_12_16.zip?versionId=2025-01-15T18:08:41.7545645Z", "dateAccessed": "2025-01-24", "datePublished": "2025-01-15", "license": {"url": "https://datacatalog.worldbank.org/search/dataset/0037712/World-Development-Indicators", "name": "CC BY 4.0"}}]}