Gambia - Purchasing power parity conversion factor for private consumption

18.3 (LCU per international dollars) in 2022

In 2022, PPP for private consumption for Gambia was 18.3 LCU per international dollars. Between 2003 and 2022, PPP for private consumption of Gambia grew substantially from 8.6 to 18.3 LCU per international dollars rising at an increasing annual rate that reached a maximum of 11.23% in 2004 and then decreased to 3.25% 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 Gambia PPP for private consumption?