Latvia vs Lithuania: PPP conversion factor, GDP
PPP conversion factor, GDP over time
- Latvia
- Lithuania
How they compare
Lithuania currently reports 0.5132 LCU per international $ against 0.5047 LCU per international $ in Latvia, a difference of 0.0085 LCU per international $.
The two have swapped places 3 times across 36 shared years of data; in 1990 it was Latvia ahead.
Globally, Latvia ranks 188th and Lithuania ranks 186th 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.