Definition: Material well-being

Purchasing power parities

The volume of goods and services that households consume to satisfy their individual needs.

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

Created:
2013-02-04

Updated:
2019-05-10