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Metadata Glossary

CodePA.NUS.PRVT.PP
Indicator NamePPP conversion factor, private consumption (LCU per international $)
Short definitionPurchasing 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).
Long definitionPurchasing 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).
SourceWorld Bank, International Comparison Program database.
TopicEconomic Policy & Debt: Purchasing power parity
PeriodicityAnnual
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