Canada - Purchasing power parity conversion factor for gross domestic product

1.2 (LCU per international dollars) in 2023

In 2023, purchasing power parity for Canada was 1.2 LCU per international dollars. Though Canada purchasing power parity fluctuated substantially in recent years, it tended to decrease through 2004 - 2023 period ending at 1.2 LCU per international dollars in 2023.

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What is purchasing power parity?

Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP.

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What is Canada purchasing power parity?