China - Purchasing power parity conversion factor for private consumption

3.8 (LCU per international dollars) in 2022

In 2022, PPP for private consumption for China was 3.8 LCU per international dollars. Though China PPP for private consumption fluctuated substantially in recent years, it tended to increase through 2003 - 2022 period ending at 3.8 LCU per international dollars in 2022.

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What is PPP for private consumption?

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 private consumption (i.e., household final consumption expenditure).

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What is China PPP for private consumption?