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  • Purchasing power parity (PPP) (General concept)

Definition: Purchasing power parity (PPP)

General concept

An indicator of price level differences across countries. Purchasing power parities (PPPs) tell us how many currency units a given quantity of goods and services costs in different countries.
Source:
Statistics Explained, a distinct section of the official Eurostat website presenting all statistical topics in an easily understandable way, Glossary
Created:
2013-12-19
Updated:
2019-05-10

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