Australia vs Saint Vincent and the Grenadines: PPP conversion factor, GDP
PPP conversion factor, GDP over time
- Australia
- Saint Vincent and the Grenadines
How they compare
Saint Vincent and the Grenadines currently reports 1.49 LCU per international $ against 1.4 LCU per international $ in Australia, a difference of 0.0887 LCU per international $.
That makes Saint Vincent and the Grenadines's figure about 1.1 times Australia's.
Across all 36 years both countries report, Saint Vincent and the Grenadines has been ahead every year.
Globally, Australia ranks 137th and Saint Vincent and the Grenadines ranks 135th of 204 countries.
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About this data
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.