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
Statistics Explained, a distinct section of the official Eurostat website presenting all statistical topics in an easily understandable way, Glossary
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