Please turn off your ad blocker so we can further develop the platform.
Definition: Comparative price levels
Category: Purchasing power parities
These are the ratios of PPPs to exchange rates. They provide a measure of the differences in price levels between countries by indicating for a given basic heading or aggregate the number of units of the common currency needed to buy the same volume of the basic heading or aggregate in each country. At the level of GDP they provide a measure of the differences in the general price levels of countries. http://ec.europa.eu/eurostat/ramon/statmanuals/files/KS-BE-06-002-EN.pdf European Union, Regulation (EC) No 1445/2007 establishing rules for the provision of basic information on PPPs, Official Journal of the European Union No L 336, 20.12.2007, p. 1 - 24
Source:
Eurostat and Organization for Economic Cooperation and Development (OECD), "Eurostat - OECD Methodological manual on purchasing power parities (2005 Edition)", Methods and Nomenclatures, Office for Official Publications of the European Communities, Luxembourg, 2006
Eurostat and Organization for Economic Cooperation and Development (OECD), "Eurostat - OECD Methodological manual on purchasing power parities (2005 Edition)", Methods and Nomenclatures, Office for Official Publications of the European Communities, Luxembourg, 2006
Created:
Updated: