Purchasing Power Parity Calculator for Australia (USD vs AUD)

What is Australia's (AUD) equivalent in USD based on purchasing power?

Use this calculator to find purchasing power parity for Australia's (AUD). Purchasing power parity (PPP) is a theory that estimates the amount of adjustment needed on the exchange rate between countries to make the exchange of goods and services of the two countries equal. This means that a good or service should have the same price in one country as it does in another country, after taking into account the exchange rate between the two countries.

Australia Purchasing Power Parity

The current PPP rate for Australia's (AUD) is 1.469.

What does this mean?

This means that 1 USD is euqivalent to 1.469 AUD in Australia based on the general cost & standard of living in Australia.

Source

World Bank 'Purchasing Power Parities and the Size of World Economies' - 2017 International Comparison Program