Definition: Fisher type PPP

Category: Purchasing power parities

The PPP (Purchasing power parity) for a basic heading or an aggregate between two countries that is defined as the geometric mean of the Laspeyres type PPP and the Paasche type PPP for the basic heading or the aggregate. See also "Laspeyres type PPP" and "Paasche type PPP" because their formulation depends on whether they are being used to calculate basic heading PPPs or to aggregate basic heading PPPs. http://ec.europa.eu/eurostat/product?code=KS-RA-12-023&mode=view 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, 2006European 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