Naoero's PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) was 1.14 in 2021, the latest year in the World Bank's World Development Indicators. That is down 5.41% from 1.21 in 2011 (0.55% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.14 | 2021 |
| Five years earlier | 1.34 | 2016 |
| Ten years earlier | 1.21 | 2011 |
| Highest | 1.38 | 2017 |
| Lowest | 1.14 | 2014 |
| Average since 2012 | 1.21 | 2012–2021 |
| First recorded | 1.24 | 2010 |
What the numbers say
In 2021, Naoero's PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) fell 0.03 on 2020 (from 1.17 to 1.14).
Across the 10 yearly changes before that (2011 to 2020), the average change was −0.00697 and a typical year strayed about 0.09 from that (the standard deviation). This year's change was 0.3 standard deviations below 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 0.11 in 2015 and the biggest yearly fall was 0.23 in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Naoero had the 18th highest value of the 25 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 Naoero in the 2021 ranking
- Turks and Caicos Islands — 15th of 25: 1.32
- Tuvalu — 16th of 25: 1.29
- Cayman Islands — 17th of 25: 1.17
- Guam — 19th of 25: 1.11
- British Virgin Islands — 20th of 25: 1.02
- Marshall Islands — 21st of 25: 0.95
What this measures
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. They convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for households and NPISHs Final consumption expenditure and the base currency is the US dollar.
Limitations: Global PPP estimates provided by ICP are produced by the ICP Global Office and regional implementing agencies, based on data supplied by the national implementing agencies in the participating economies, and in accordance with the methodology recommended by the ICP Technical Advisory Group and approved by the ICP Governing Board. As such, these results are not produced by participating economies as part of their national official statistics.
Regional and income-group figures are computed by the World Bank as a no aggregation provided for this indicator..
All 12 values
| Year | PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) |
|---|---|
| 2021 | 1.14 |
| 2020 | 1.17 |
| 2019 | 1.18 |
| 2018 | 1.15 |
| 2017 | 1.38 |
| 2016 | 1.34 |
| 2015 | 1.25 |
| 2014 | 1.14 |
| 2013 | 1.16 |
| 2012 | 1.19 |
PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) in nearby economies
- American Samoa — 0.9 (2021)
- Australia — 1.46 (2025)
- Brunei Darussalam — 0.53 (2025)
- Cambodia — 1,473 (2025)
- China — 3.46 (2025)
- Fiji — 0.89 (2025)
- French Polynesia — 101.87 (2021)
More economic policy & debt data for Naoero
- GDP (current US$) — US$176.04 million (2025)
- GDP (current LCU) — 272 million (2025)
- GDP (constant 2015 US$) — US$100.29 million (2025)
- GDP (constant LCU) — 130.26 million (2025)
- GDP per capita (current US$) — US$14,640 (2025)
- GDP per capita (current LCU) — 22,620 (2025)
- GDP per capita (constant 2015 US$) — US$8,340 (2025)
- GDP per capita (constant LCU) — 10,832 (2025)
- GNI (current US$) — US$250.47 million (2025)
- GNI (current LCU) — 387 million (2025)
- GNI per capita (current LCU) — 32,183 (2025)
Reading data like this
Questions people ask
- What is Naoero's PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $)?
- 1.14 in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is down 8.03% from 1.24 in 2010 (0.76% a year on average, compounded). The highest value was 1.38 in 2017 and the lowest 1.14 in 2014.
- How does Naoero rank?
- 18th highest of 25 economies with data for 2021.
Source
World Bank, World Development Indicators, indicator PA.NUS.PRVT.PP, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, publisher: International Comparison Program, type: International statistical program, date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Programme, Eurostat (ESTAT),… 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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