GDP price levels relative to the US
What you should know about this indicator
- It shows whether a country’s currency has more or less purchasing power than its exchange rate implies, compared to the United States.
- A value below one means local goods and services are cheaper than in the US, while a value above one suggests local prices are higher.
- These comparisons are based on PPP conversion rates (also called PPP conversion factors or PPP rates). PPP rates estimate how many units of a country’s local currency are needed to buy (roughly) the same basket of goods and services in that country that one US dollar would buy in the United States. For this indicator (at the level of GDP), the comparison is made using a broad, economy-wide basket of goods and services.
- PPP rates are calculated by the International Comparison Program (ICP), which uses the United States as a benchmark country.
- This data is expressed in international-$ at 2021 prices.
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This data is based on the following sources
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“Data Page: GDP price levels relative to the US”, part of the following publication: Max Roser, Bertha Rohenkohl, Pablo Arriagada, Joe Hasell, Hannah Ritchie and Esteban Ortiz-Ospina (2023) - “Economic Growth”. Data adapted from Data compiled from multiple sources by World Bank. Retrieved from https://ourworldindata.org/grapher/gdp-price-levels-relative-to-the-us [online resource]How to cite this data
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Data compiled from multiple sources by World Bank (2025) – processed by Our World in DataFull citation
Data compiled from multiple sources by World Bank (2025) – processed by Our World in Data. “GDP price levels relative to the US – World Bank” [dataset]. Data compiled from multiple sources by World Bank, “World Development Indicators” [original data]. Retrieved March 31, 2025 from https://ourworldindata.org/grapher/gdp-price-levels-relative-to-the-us