Price level ratio of PPP conversion factor (GDP) to market exchange in Australia
Australia: Price level ratio of PPP conversion factor (GDP) to market exchange was 0.9047 in 2024. ▲ Rising
Latest (2024)
0.9047
Change on year
down 1.6%
World rank
18th
of 202 countries
All-time high
1.59
in 2012
All-time low
0.6993
in 2002
Years of data
35
1990–2024
Price level ratio of PPP conversion factor (GDP) to market exchange in Australia, 1990–2024
Source: UNESCO Institute for Statistics.
Analysis
Australia recorded 0.9047 for price level ratio of ppp conversion factor (gdp) to market exchange in 2024.
The figure is down 1.6% on the previous year and down 32.2% over ten years.
Over the whole period, price level ratio of ppp conversion factor (gdp) to market exchange in Australia peaked at 1.59 in 2012 and was at its lowest, 0.6993, in 2002.
Australia ranks 18th of 202 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
Price level ratio of PPP conversion factor (GDP) to market exchange in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 1.05 | — |
| 1991 | 1.06 | +0.7% |
| 1992 | 1.02 | -3.5% |
| 1993 | 0.9211 | -9.7% |
| 1994 | 0.8988 | -2.4% |
| 1995 | 0.9719 | +8.1% |
| 1996 | 0.995 | +2.4% |
| 1997 | 1.02 | +2.8% |
| 1998 | 0.8811 | -13.8% |
| 1999 | 0.8127 | -7.8% |
| 2000 | 0.824 | +1.4% |
| 2001 | 0.7124 | -13.5% |
| 2002 | 0.6993 | -1.8% |
| 2003 | 0.7874 | +12.6% |
| 2004 | 0.9708 | +23.3% |
| 2005 | 1.04 | +7.5% |
| 2006 | 1.05 | +0.6% |
| 2007 | 1.12 | +6.6% |
| 2008 | 1.32 | +18.2% |
| 2009 | 1.06 | -19.8% |
| 2010 | 1.32 | +24.7% |
| 2011 | 1.49 | +12.5% |
| 2012 | 1.59 | +6.6% |
| 2013 | 1.48 | -6.5% |
| 2014 | 1.33 | -10.2% |
| 2015 | 1.23 | -8.0% |
| 2016 | 1.06 | -13.9% |
| 2017 | 1.11 | +5.6% |
| 2018 | 1.14 | +2.3% |
| 2019 | 1.04 | -8.4% |
| 2020 | 0.9594 | -8.1% |
| 2021 | 1.04 | +8.6% |
| 2022 | 0.9867 | -5.3% |
| 2023 | 0.9195 | -6.8% |
| 2024 | 0.9047 | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9631 | 0.8127 | 1.06 | 10 |
| 2000s | 0.9594 | 0.6993 | 1.32 | 10 |
| 2010s | 1.28 | 1.04 | 1.59 | 10 |
| 2020s | 0.9624 | 0.9047 | 1.04 | 5 |
Countries ranked near Australia
- 15 Luxembourg 0.9121 compare
- 16 Marshall Islands 0.9108 compare
- 17 Palau 0.9069 compare
- 19 Denmark 0.9036 compare
- 20 United States Virgin Islands 0.8901 compare
- 21 New Zealand 0.8848 compare
More population data for Australia
- Population regions with projections, annual growth rate 0.5057 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.5755 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.5057 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.2553 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 32,193 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.8589 Percent per annum (2030)
- Projected population under age 5, annual growth rate 0.2773 % change on previous year (2100)
- World population growth 0.5% (2100)
- Population density 5.61 people per km² (2100)
- Number of children under 5, by world region 2.09 million people (2100)
Frequently asked questions
- What is price level ratio of ppp conversion factor (gdp) to market exchange in Australia?
- Price level ratio of ppp conversion factor (gdp) to market exchange in Australia was 0.9047 in 2024, according to UNESCO Institute for Statistics.
- What is the highest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Australia?
- The highest recorded value was 1.59 in 2012.
- What is the lowest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Australia?
- The lowest recorded value was 0.6993 in 2002.
- How does Australia rank for price level ratio of ppp conversion factor (gdp) to market exchange?
- Australia ranks 18th out of 202 countries with data for 2024.
- Is price level ratio of ppp conversion factor (gdp) to market exchange rising or falling in Australia?
- Over the last ten years it is down 32.2%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from UNESCO Institute for Statistics, published as part of Price level ratio of PPP conversion factor (GDP) to market exchange rate. Statizoid updates them automatically from the source API.
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About this data
February 2026 Data Release