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Purchasing power parities (PPPs) are the rates of currency conversion that try to equalise the purchasing power of different currencies, by eliminating the differences in price levels between countries.
26 mar 2024 · Index of GDP per capita, 2023 (purchasing power standards, EU indexed at 100) Source: Eurostat (online data code: prc_ppp_ind) This article presents the new flash estimates of purchasing power parities and gross domestic product (GDP) per capita in the European Union (EU) for the year 2023.
Purchasing power parity (PPP) [1] is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a market basket at one location divided by the price of the basket of goods at a different location.
13 lip 2022 · What are price level indexes? The price level index (PLI) of an economy is the PPP divided by the market exchange rate and is expressed in relation to a base reference country, region, or the world, with higher PLIs indicating that goods and services are more expensive (Map 1).
30 maj 2024 · WASHINGTON, May 30, 2024 — New purchasing power parities (PPPs), which provide a standardized way to assess the relative buying power of different economies, were released today by the International Comparison Program (ICP) for the reference year 2021.
Results from the International Comparison Program (ICP) 2021 cycle include data for the reference year 2021, revised data for the reference year 2017, purchasing power parity (PPP) time series for 2018 to 2020, and extrapolated GDP PPPs for 2022 and 2023.
ICP’s main objectives are (i) to produce purchasing power parities (PPPs) and comparable price level indexes (PLIs) for participating economies; and (ii) to convert volume and per capita measures of gross domestic product (GDP) and its expenditure components into a common currency using PPPs.
