Barbados vs Iceland: Price level index
Price level index over time
- Barbados
- Iceland
How they compare
Iceland currently reports 117.85 GDP against 109.54 GDP in Barbados, a difference of 8.31 GDP.
That makes Iceland's figure about 1.1 times Barbados's.
The two have swapped places 2 times across 36 shared years of data; in 1990 it was Iceland ahead.
Globally, Barbados ranks 5th and Iceland ranks 2nd 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.