Venezuela—PPP Conversion Factor
Venezuela's PPP conversion factor was 0 in 2011. This represents a +25.6% change from 2010. Over the past 12 years, the highest recorded value was 0 (2011) and the lowest was 0 (2000). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2011 | 0 | +25.6% |
| 2010 | 0 | +44.3% |
| 2009 | 0 | +7.0% |
| 2008 | 0 | +27.7% |
| 2007 | 0 | +12.3% |
| 2006 | 0 | +14.4% |
| 2005 | 0 | +25.8% |
| 2004 | 0 | +30.5% |
| 2003 | 0 | +32.3% |
| 2002 | 0 | +30.8% |
| 2001 | 0 | +5.6% |
| 2000 | 0 |
Top Countries — PPP Conversion Factor
About This Indicator
Definition
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.
Methodology
Original contributors: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, publisher: International Comparison Program, type: International statistical program, date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Programme, Eurostat (ESTAT), uri: https://ec.europa.eu/eurostat/databrowser/explore/all/all_themes, publisher: Eurostat, type: International statistical program; The OECD PPP Programme, Organisation for Economic Co-operation and Development (OECD), uri: https://data-https://data-explorer.oecd.org/, publisher: OECD
Unit
LCU per international dollars