Purchasing power parity

Domain : Macroeconomic statistics

Circuit : National accounts

Modified : 2023-21-06

Term

Purchasing power parity

Area of use

National accounts

Definition

Purchasing power parity PPP is an important economic factor that allows comparing the economic power of one country (region) against another country (region) or a group of countries (regions). It can also be understood as a price index that correlates the price differences of goods and services at a certain moment in different countries (regions).

Source

Statistical Office of the Slovak Republic

Unit of measure

Euro

Method of calculation
Legal basis

Regulation (EC) No 1445/2007 of the European Parliament and of the Council of 11 December 2007 establishing common rules for the provision of basic information on Purchasing Power Parities and for their calculation and dissemination

Relation to international standards
Related terms
Synonyms
Context
Other links
Remarks
Back to list