Conversion rate to constant dollars 2015 | Dominican Republic – yearly data, chart and table

The conversion factor to constant dollars is an indicator used to adjust monetary values (for example, GDP, income, expenditures, etc.) from different years to a common price base, that is, to the prices of a specific base year (2015). This adjustment eliminates the effect of inflation, allowing for the comparison of real changes in economic indicators over time — for example, to determine whether the economy has truly grown or if prices have merely increased. The conversion factor to constant dollars shows how much nominal values need to be adjusted to account for inflation and obtain real data.