PPP conversion factor, households and NPISHs Final consumption expendi in Eritrea
Eritrea: PPP conversion factor, households and NPISHs Final consumption expendi was 5.2 LCU per international $ in 2021. ▼ Falling
PPP conversion factor, households and NPISHs Final consumption expendi in Eritrea, 2011–2021
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
Eritrea recorded 5.2 LCU per international $ for ppp conversion factor, households and npishs final consumption expendi in 2021.
That represents a change of up 4.2% on the previous year and down 19.3% over ten years.
Over the whole period, ppp conversion factor, households and npishs final consumption expendi in Eritrea peaked at 7.61 LCU per international $ in 2015 and was at its lowest, 4.58 LCU per international $, in 2018.
That places Eritrea 108th out of 205 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6 LCU per international $ | 4.58 LCU per international $ | 7.61 LCU per international $ | 9 |
| 2020s | 5.09 LCU per international $ | 4.99 LCU per international $ | 5.2 LCU per international $ | 2 |
Countries ranked near Eritrea
- 105 Hong Kong 5.77 LCU per international $ compare
- 106 Botswana 5.31 LCU per international $ compare
- 107 Ghana 5.25 LCU per international $ compare
- 109 Macao 4.95 LCU per international $ compare
- 110 Morocco 3.96 LCU per international $ compare
- 111 Trinidad and Tobago 3.84 LCU per international $ compare
More economy & growth data for Eritrea
- Industry (including construction), value added 21.8% (2009)
- Inflation, GDP deflator 19.5% (2011)
- Gross national expenditure 137.4% (2011)
- Exports of goods and services 374.90 million current US$ (2011)
- Exports of goods and services 5.76 billion current LCU (2011)
- Exports of goods and services 575.7% (2011)
- Industry (including construction), value added -0.2% (2009)
- Gross fixed capital formation 4.01 billion current LCU (2011)
- Gross fixed capital formation 260.73 million current US$ (2011)
- Gross national expenditure 43.63 billion current LCU (2011)
Frequently asked questions
- What is ppp conversion factor, households and npishs final consumption expendi in Eritrea?
- Ppp conversion factor, households and npishs final consumption expendi in Eritrea was 5.2 LCU per international $ in 2021, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, households and npishs final consumption expendi recorded in Eritrea?
- The highest recorded value was 7.61 LCU per international $ in 2015.
- What is the lowest ppp conversion factor, households and npishs final consumption expendi recorded in Eritrea?
- The lowest recorded value was 4.58 LCU per international $ in 2018.
- How does Eritrea rank for ppp conversion factor, households and npishs final consumption expendi?
- Eritrea ranks 108th out of 205 countries with data for 2021.
- Is ppp conversion factor, households and npishs final consumption expendi rising or falling in Eritrea?
- Over the last ten years it is down 19.3%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $). Statizoid updates them automatically from the source API.
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About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. They 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 households and NPISHs Final consumption expenditure and the base currency is the US dollar.