Bolivia vs Papua New Guinea: PPP conversion factor, GDP
PPP conversion factor, GDP over time
- Bolivia
- Papua New Guinea
How they compare
Bolivia currently reports 2.76 LCU per international $ against 2.39 LCU per international $ in Papua New Guinea, a difference of 0.3761 LCU per international $.
That makes Bolivia's figure about 1.2 times Papua New Guinea's.
The two have swapped places 2 times across 36 shared years of data; in 1990 it was Bolivia ahead.
Globally, Bolivia ranks 117th and Papua New Guinea ranks 119th 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.