The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. At the level of GDP, the price level ratio provides a measure of the differences in the general price levels of countries. Every country, region and year the World Bank publishes for indicator PA.NUS.GDP.PLI (World Development Indicators), delivered as a tidy table — country, ISO code, year and value — ready for analysis in Excel, R, Python or the Intigal AI workspace. Original compiler: World Development Indicators, World Bank (WB), uri: https://databank.worldbank.org/source/world-development-indicators, publisher: World Development Indicators.
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Original source: api.worldbank.org · CC BY 4.0 — free to reuse with attribution to the World Bank