New Zealand NZ: PPP Conversion Factor: Private Consumption

New Zealand NZ: PPP Conversion Factor: Private Consumption data was reported at 1.638 NZD/Intl $ in 2017. This records a decrease from the previous number of 1.639 NZD/Intl $ for 2016. New Zealand NZ: PPP Conversion Factor: Private Consumption data is updated yearly, averaging 1.568 NZD/Intl $ from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 1.639 NZD/Intl $ in 2016 and a record low of 1.477 NZD/Intl $ in 1997. New Zealand NZ: 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 New Zealand – Table NZ.World Bank: 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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