⚠️ Unconfirmedeconomic2023

Price level ratio of PPP conversion factor to market exchange rate (national price level, US=100)

Name: Price level ratio of PPP conversion factor to market exchange rate (national price level, US=100)
Creator: World Bank (ICP / WDI)
Keywords: statistic-of-the-day, ai-generated, cost of living, prices, PPP, exchange rates, ICP, price level ratio, real purchasing power

Compare how expensive countries are vs the US using the World Bank national price level (US=100), based on PPP vs exchange rates (2023).

Source: World Bank (ICP / WDI)•179 countries

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Key Insights

Global Average

54.9(US=100)

Median: 46.0(US=100)

Countries Covered

179

with available data

Highest

Iceland

195.0(US=100)

Lowest

Venezuela

14.0(US=100)

Top 5 Countries

1Iceland195.0(US=100)

2Switzerland155.0(US=100)

3Norway150.0(US=100)

4Denmark120.0(US=100)

5Finland119.0(US=100)

By Region

Oceania105.0(US=100)(2 countries)

Europe85.9(US=100)(32 countries)

North America78.0(US=100)(4 countries)

Asia49.6(US=100)(25 countries)

Other46.4(US=100)(100 countries)

Key Findings

•Iceland (195) and Norway (150) stand out as far more expensive than the US overall (US=100).
•Switzerland (155) is among the highest price-level economies globally.
•Several countries show very low national price levels vs the US, such as Venezuela (14) and Nepal (24), indicating much cheaper average price levels in PPP terms.
•Many high-income European economies cluster near or slightly above the US (e.g., Germany 102, France 107, Netherlands 109).

Country Rankings

Top 10 Countries

Bottom 10 Countries

Data Analysis

Value Distribution

How countries are distributed across the value range

Low (14.0(US=100))High (195.0(US=100))

Regional Comparison

Average values by world region (Global avg: 54.9(US=100))

Oceania (2)

Europe (32)

North America (4)

Asia (25)

Other (100)

South America (7)

Africa (9)

About This Statistic

The national price level (often called the Price Level Ratio, PLR) compares a country’s overall price level to the United States (US=100). It is computed as the ratio of the PPP conversion factor (local currency per international dollar) to the market exchange rate (local currency per US dollar), multiplied by 100. Values above 100 indicate a country is more expensive than the US on average; values below 100 indicate it is cheaper.

This metric is useful because it provides a single, comparable indicator of relative costliness across economies, drawing on the International Comparison Program (ICP) price surveys and national accounts. It’s widely used to contextualize wages, living costs, and cross-country comparisons of real purchasing power beyond nominal exchange-rate conversions.

Full Data

Rank ↑	Country ↕	Value ↕
1	Iceland	195.0(US=100)
2	Switzerland	155.0(US=100)
3	Norway	150.0(US=100)
4	Denmark	120.0(US=100)
5	Finland	119.0(US=100)
6	Luxembourg	110.0(US=100)
7	Canada	109.0(US=100)
8	Netherlands	109.0(US=100)
9	Seychelles	109.0(US=100)
10	Singapore	108.0(US=100)
11	France	107.0(US=100)
12	New Zealand	106.0(US=100)
13	Sweden	106.0(US=100)
14	United Kingdom	104.0(US=100)
15	Australia	104.0(US=100)
16	Belgium	104.0(US=100)
17	Germany	102.0(US=100)
18	Ireland	101.0(US=100)
19	United States of America	100.0(US=100)
20	Aruba	98.0(US=100)
21	Curaçao	97.0(US=100)
22	Italy	95.0(US=100)
23	Bahamas	95.0(US=100)
24	State of Palestine	94.0(US=100)
25	Israel	94.0(US=100)
26	Barbados	92.0(US=100)
27	Japan	90.0(US=100)
28	South Korea	87.0(US=100)
29	Sint Maarten (Dutch part)	84.0(US=100)
30	Armenia	81.0(US=100)
31	Spain	80.0(US=100)
32	Fiji	79.0(US=100)
33	Austria	78.0(US=100)
34	Estonia	77.0(US=100)
35	Trinidad and Tobago	74.0(US=100)
36	Portugal	73.0(US=100)
37	Slovenia	73.0(US=100)
38	Mauritius	72.0(US=100)
39	Cameroon	69.0(US=100)
40	Greece	69.0(US=100)
41	United Arab Emirates	69.0(US=100)
42	Bahrain	67.0(US=100)
43	Uruguay	64.0(US=100)
44	People's Republic of China	63.0(US=100)
45	Comoros	63.0(US=100)
46	Namibia	63.0(US=100)
47	Gabon	62.0(US=100)
48	Montenegro	62.0(US=100)
49	Lithuania	61.0(US=100)
50	Faroe Islands	60.0(US=100)
51	Jamaica	60.0(US=100)
52	Panama	60.0(US=100)
53	Qatar	60.0(US=100)
54	Slovakia	60.0(US=100)
55	Solomon Islands	60.0(US=100)
56	Czech Republic	59.0(US=100)
57	Bosnia and Herzegovina	59.0(US=100)
58	Croatia	58.0(US=100)
59	Latvia	58.0(US=100)
60	Suriname	57.0(US=100)
61	Guatemala	56.0(US=100)
62	Lebanon	56.0(US=100)
63	Poland	56.0(US=100)
64	Eswatini	56.0(US=100)
65	Kuwait	55.0(US=100)
66	Albania	55.0(US=100)
67	Argentina	55.0(US=100)
68	Cyprus	54.0(US=100)
69	Hungary	53.0(US=100)
70	Jordan	52.0(US=100)
71	Costa Rica	51.0(US=100)
72	Russian Federation	51.0(US=100)
73	Algeria	51.0(US=100)
74	Andorra	51.0(US=100)
75	Cape Verde	50.0(US=100)
76	El Salvador	50.0(US=100)
77	Belize	50.0(US=100)
78	Chile	49.0(US=100)
79	Honduras	49.0(US=100)
80	Malta	49.0(US=100)
81	Romania	49.0(US=100)
82	Central African Republic	47.0(US=100)
83	Cote d'Ivoire	47.0(US=100)
84	Mexico	47.0(US=100)
85	Oman	47.0(US=100)
86	Serbia	47.0(US=100)
87	South Africa	47.0(US=100)
88	Türkiye	47.0(US=100)
89	Republic of The Gambia	46.0(US=100)
90	Morocco	46.0(US=100)
91	Myanmar	45.0(US=100)
92	Dominican Republic	45.0(US=100)
93	Georgia	45.0(US=100)
94	Guyana	45.0(US=100)
95	Kenya	45.0(US=100)
96	New Caledonia	45.0(US=100)
97	Thailand	45.0(US=100)
98	Angola	45.0(US=100)
99	Maldives	44.0(US=100)
100	Botswana	44.0(US=100)
101	Colombia	43.0(US=100)
102	Lesotho	43.0(US=100)
103	Mauritania	43.0(US=100)
104	Benin	42.0(US=100)
105	Iraq	42.0(US=100)
106	Nicaragua	42.0(US=100)
107	The Republic of North Macedonia	42.0(US=100)
108	Bhutan	42.0(US=100)
109	Cambodia	41.0(US=100)
110	Malaysia	41.0(US=100)
111	Mali	41.0(US=100)
112	Papua New Guinea	41.0(US=100)
113	Saudi Arabia	41.0(US=100)
114	Cuba	40.0(US=100)
115	North Korea	40.0(US=100)
116	Moldova, Republic of	40.0(US=100)
117	Senegal	40.0(US=100)
118	Djibouti	39.0(US=100)
119	Peru	39.0(US=100)
120	Sierra Leone	39.0(US=100)
121	Togo	39.0(US=100)
122	Belarus	38.0(US=100)
123	Ecuador	38.0(US=100)
124	Chad	37.0(US=100)
125	Haiti	37.0(US=100)
126	Indonesia	37.0(US=100)
127	Kazakhstan	37.0(US=100)
128	Madagascar	37.0(US=100)
129	Ukraine	37.0(US=100)
130	Egypt	37.0(US=100)
131	Republic of the Congo	36.0(US=100)
132	Lao People's Democratic Republic	36.0(US=100)
133	Libya	36.0(US=100)
134	Tunisia	36.0(US=100)
135	Brazil	36.0(US=100)
136	Burundi	35.0(US=100)
137	Ghana	35.0(US=100)
138	Philippines	35.0(US=100)
139	Ethiopia	34.0(US=100)
140	Brunei Darussalam	34.0(US=100)
141	Sri Lanka	33.0(US=100)
142	Guinea	33.0(US=100)
143	Paraguay	33.0(US=100)
144	Vietnam	33.0(US=100)
145	Turkmenistan	33.0(US=100)
146	United Republic of Tanzania	33.0(US=100)
147	Burkina Faso	33.0(US=100)
148	Bolivia	33.0(US=100)
149	Liberia	32.0(US=100)
150	Zimbabwe	32.0(US=100)
151	Virgin Islands, British	32.0(US=100)
152	Bulgaria	31.0(US=100)
153	Kyrgyzstan	31.0(US=100)
154	Mozambique	31.0(US=100)
155	Vanuatu	31.0(US=100)
156	Niger	31.0(US=100)
157	Sudan	31.0(US=100)
158	Uganda	31.0(US=100)
159	Bangladesh	31.0(US=100)
160	Tajikistan	30.0(US=100)
161	Democratic Republic of the Congo	29.0(US=100)
162	Eritrea	29.0(US=100)
163	Rwanda	29.0(US=100)
164	India	28.0(US=100)
165	South Sudan	28.0(US=100)
166	Yemen	28.0(US=100)
167	Cayman Islands	27.0(US=100)
168	Malawi	27.0(US=100)
169	Uzbekistan	27.0(US=100)
170	Mongolia	26.0(US=100)
171	Islamic Republic of Iran	25.0(US=100)
172	Pakistan	25.0(US=100)
173	Zambia	25.0(US=100)
174	Afghanistan	25.0(US=100)
175	Nepal	24.0(US=100)
176	Nigeria	24.0(US=100)
177	Somalia	24.0(US=100)
178	Syrian Arab Republic	24.0(US=100)
179	Venezuela	14.0(US=100)

Showing 179 of 179 countries

Topics

#statistic-of-the-day #ai-generated #cost of living #prices #PPP #exchange rates #ICP #price level ratio #real purchasing power

Data Source

This data comes from World Bank (ICP / WDI) (2023).

View Original Source