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Definition: Indirect price comparison
Category: Purchasing power parities
A price comparison between two countries made by dividing the expenditure ratio by the volume ratio. The indirect price comparison between country A and country B for product I is (PIAQIA / PIBQIB) / QIA/QIB = PIA / PIB where the P’s are the prices and the Q’s the volumes (quantities) of the product. Price comparisons are usually made directly. http://ec.europa.eu/eurostat/product?code=KS-RA-12-023&mode=view
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012
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