Sales price in impoverished countries

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Where can I find a list of countries by price level?

The list of countries by price level shows countries by their price level index. The data has been collected by the World Bank's International Comparison Program since the 1970s and has been available for almost all World Bank member states and some other territories since 1990.

Do differences in export prices account for 40 percent of tradable price levels?

Since differences in export prices account for two-thirds of the differences in prices for tradables, we can conclude that differ-ences in export prices account for 40 percent of the difference in price levels.

Why are export prices so high?

The analysis of export prices tells us three things. First, high prices for tradables are largely due to exporters’ charging high prices as goods leave the country. Second, export prices are more strongly related to wages in the destination market than income per capita.

How do you compare prices across countries?

Comparing prices across countries can be difficult because prices are typically quoted in different currencies. For instance, to compare the yuan price of a Big Mac in China with the franc price in Switzerland, we need to use the nominal exchange rate between the yuan and the Swiss franc to convert the prices into a common currency.

Do quality differences affect export prices?

If rich countries purchase relatively more of the high-quality, more expensive 10-digit goods, we should find that the re-lationship between prices and income is stronger at the nine-digit level. We actually find the opposite and con-clude that quality differences do not explain the differences in export prices by destination.

Which country has the richest PPP?

In terms of PPP, Luxembourg is the richest country in the world, with a PPP of $143,342. Therefore, the difference between the richest and poorest countries in terms of PPP is $101,670. The average Atlas method GNI among all countries is $134,640, meaning the average country is over 58 times richer than Burundi.