Faroe Islands vs Namibia: PPP conversion factor, GDP
PPP conversion factor, GDP over time
- Faroe Islands
- Namibia
How they compare
Namibia currently reports 7.28 LCU per international $ against 6.23 LCU per international $ in Faroe Islands, a difference of 1.05 LCU per international $.
That makes Namibia's figure about 1.2 times Faroe Islands's.
The two have swapped places 1 time across 17 shared years of data; in 2008 it was Faroe Islands ahead.
Globally, Faroe Islands ranks 100th and Namibia ranks 98th 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.