World Bank, 2024, CC BY 4.0: the PPP conversion factor for household consumption is 7160.7129 local currency units per international dollar, against an official exchange rate of 24164.8858 to the US dollar. Their ratio, 0.296, is the price level against the United States, whose own ratio is 1 by construction. Both figures are theirs; the division is ours. See the Pathoff method, section 12.
A comparison of prices, not a budget: it says what things cost here against the United States, not what a month will cost you. Compared at country level, so capital cities and large metros run higher. The price level prices the basket residents buy, and a foreign renter cannot reach the cheap end of local housing — poorer countries may still sit too low here.
- Confidence
- made by us from the source