Ecuador - PPP conversion factor (GDP) to market exchange rate ratio

PPP conversion factor (GDP) to market exchange rate ratio in Ecuador was reported at 0.52888 in 2016, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 ecuador ppp conversion factor gdp to market exchange rate ratio wb data
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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.


Ecuador | Economy & Growth