Australia vs Faroe Islands: Price level index
Price level index over time
- Australia
- Faroe Islands
How they compare
Australia currently reports 90.54 GDP against 90.36 GDP in Faroe Islands, a difference of 0.1811 GDP.
The two have swapped places 5 times across 17 shared years of data; in 2008 it was Australia ahead.
Globally, Australia ranks 16th and Faroe Islands ranks 17th of 203 countries.
Individual pages
About this data
The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. At the level of GDP, the price level ratio provides a measure of the differences in the general price levels of countries.