Georgia vs Luxembourg: PPP conversion factor, GDP
PPP conversion factor, GDP over time
- Georgia
- Luxembourg
How they compare
Georgia currently reports 0.9035 LCU per international $ against 0.8325 LCU per international $ in Luxembourg, a difference of 0.0711 LCU per international $.
That makes Georgia's figure about 1.1 times Luxembourg's.
The two have swapped places 1 time across 36 shared years of data; in 1990 it was Luxembourg ahead.
Globally, Georgia ranks 160th and Luxembourg ranks 163rd of 204 countries.
Individual pages
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.