Montenegro ME: PPP Conversion Factor: Private Consumption

Montenegro ME: PPP Conversion Factor: Private Consumption data was reported at 0.436 EUR/Intl $ in 2017. This records an increase from the previous number of 0.433 EUR/Intl $ for 2016. Montenegro ME: PPP Conversion Factor: Private Consumption data is updated yearly, averaging 0.451 EUR/Intl $ from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 0.491 EUR/Intl $ in 2008 and a record low of 0.317 EUR/Intl $ in 2000. Montenegro ME: PPP Conversion Factor: Private Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Montenegro – Table ME.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. 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). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; ;

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