India: DEC alternative conversion factor (LCU per US$)

Key figures

What the numbers say

In 2025, India's DEC alternative conversion factor (LCU per US$) rose US$2.75 on 2024 (from US$84.58 to US$87.33).

Across the 30 yearly changes before that (1995 to 2024), the average change was +US$1.77 and a typical year strayed about US$2.77 from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$6.57 in 1991 and the biggest yearly fall was US$4.99 in 2007. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$2.52 a year. A straight line explains 96% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$93.37 for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was US$2.16, against US$4.53 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2025, India had the 70th highest value of the 207 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to India in the 2025 ranking

• Serbia — 67th of 207: US$103.98
• Cabo Verde — 68th of 207: US$97.86
• Kyrgyz Republic — 69th of 207: US$87.36
• Bhutan — 71st of 207: US$87.16
• Albania — 72nd of 207: US$86.8
• Russian Federation — 73rd of 207: US$83.65

What this measures

The DEC alternative conversion factor is the underlying annual exchange rate (the price of one country’s currency in relation to another country's currency) used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics. Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.

All 66 values

DEC alternative conversion factor (LCU per US$) in nearby economies

• Bangladesh — US$120.86 (2025)
• Bhutan — US$87.16 (2025)
• Maldives — US$15.42 (2025)
• Nepal — US$136.29 (2025)
• Sri Lanka — US$300.95 (2025)

More financial sector data for India

• Domestic credit to private sector by banks (% of GDP) — 44.03% (2025)
• Net domestic credit (current LCU) — 312.8 trillion (2025)
• Net foreign assets (current LCU) — 66.95 trillion (2025)
• Monetary sector credit to private sector (% of GDP) — 44.03% (2025)
• Consumer price index (2010 = 100) — 233.06 (2025)
• Inflation, consumer prices (annual % growth) — 2.4% (2025)
• Claims on central government, etc. (% of GDP) — 20.02% (2025)
• Domestic credit to private sector (% of GDP) — 44.03% (2025)
• GDP deflator (base year varies by country) — 107.1 (2025)
• Official exchange rate (LCU per US$, period average)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is India's DEC alternative conversion factor (LCU per US$)?

US$87.33 in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 1,734% from US$4.76 in 1960 (4.58% a year on average, compounded). The highest value was US$87.33 in 2025 and the lowest US$4.76 in 1960.

How does India rank?

Source

World Bank, World Development Indicators, indicator PA.NUS.ATLS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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