Latvia vs Qatar: Price level index
Price level index over time
- Latvia
- Qatar
How they compare
Latvia currently reports 57.03 GDP against 56.27 GDP in Qatar, a difference of 0.7586 GDP.
The two have swapped places 2 times across 31 shared years of data; in 1995 it was Latvia ahead.
Globally, Latvia ranks 72nd and Qatar ranks 74th 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.