United Arab Emirates vs Venezuela, Bolivarian Republic of: Price level index
Price level index over time
- United Arab Emirates
- Venezuela, Bolivarian Republic of
How they compare
United Arab Emirates currently reports 63.36 GDP against 62.5 GDP in Venezuela, Bolivarian Republic of, a difference of 0.86 GDP.
The two have swapped places 5 times across 22 shared years of data; in 1990 it was United Arab Emirates ahead.
United Arab Emirates ranks 57th and Venezuela, Bolivarian Republic of ranks 60th of 204 countries.
Across the 3 decades both report, United Arab Emirates averaged higher in 1 and Venezuela, Bolivarian Republic of in 2.
Head to head by decade
| Decade | United Arab Emirates | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 29.12 GDP | 28.5 GDP | 0.6253 GDP | United Arab Emirates |
| 2000s | 38.28 GDP | 45.17 GDP | 6.89 GDP | Venezuela, Bolivarian Republic of |
| 2010s | 55.27 GDP | 72.51 GDP | 17.25 GDP | Venezuela, Bolivarian Republic of |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher price level index, United Arab Emirates or Venezuela, Bolivarian Republic of?
- United Arab Emirates, at 63.36 GDP against 62.5 GDP in Venezuela, Bolivarian Republic of as of 2024.
- What is the difference in price level index between United Arab Emirates and Venezuela, Bolivarian Republic of?
- 0.86 GDP, with United Arab Emirates ahead.
- How many years of comparable data are there for United Arab Emirates and Venezuela, Bolivarian Republic of?
- 22 years are reported by both, from 1990 to 2011.
- How do United Arab Emirates and Venezuela, Bolivarian Republic of rank globally for price level index?
- United Arab Emirates ranks 57th and Venezuela, Bolivarian Republic of ranks 60th of 204 countries.
- Where does this data come from?
- World Development Indicators, World Bank (WB), published as Price level index (GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.