New Zealand vs Tuvalu: PPP conversion factor, GDP
PPP conversion factor, GDP over time
- New Zealand
- Tuvalu
How they compare
New Zealand currently reports 1.47 LCU per international $ against 1.39 LCU per international $ in Tuvalu, a difference of 0.0858 LCU per international $.
That makes New Zealand's figure about 1.1 times Tuvalu's.
The two have swapped places 2 times across 36 shared years of data; in 1990 it was New Zealand ahead.
Globally, New Zealand ranks 136th and Tuvalu ranks 139th 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.