Gambia - Purchasing power parity conversion factor for private consumption

13.6 (LCU per international dollars) in 2016

In 2016, PPP for private consumption for Gambia was 13.6 LCU per international dollars. PPP for private consumption of Gambia increased from 7 LCU per international dollars in 1997 to 13.6 LCU per international dollars in 2016 growing at an average annual rate of 3.64 %.

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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).