Purchasing Power Parity Calculator
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Purchasing Power Parity Calculator for Iraq (USD vs IQD)
What is Iraq's (IQD) equivalent in USD based on purchasing power?
Use this calculator to find purchasing power parity for Iraq's (IQD). 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.
Iraq Purchasing Power Parity
The current PPP rate for Iraq's (IQD) is 1190.549.
What does this mean?
This means that 1 USD is euqivalent to 1190.549 IQD in Iraq based on the general cost & standard of living in Iraq.
Source
World Bank 'Purchasing Power Parities and the Size of World Economies' - 2017 International Comparison ProgramGet funding with a business plan that will impress investors.
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