Definition: Direct volume comparison

Category: Purchasing power parities

A volume comparison between two or more countries that is made by comparing the volumes of a representative sample of comparable products. Volume comparisons are not usually made directly, but indirectly as described under "indirect volume comparison" (2012 Methodological manual on purchasing power parities).

A volume comparison between two or more countries that is made by comparing the volumes (or quantities) of a representative sample of comparable products. Volume comparisons are not generally made directly, but indirectly as shown under "indirect volume comparison". Also referred to as the "quantity approach" (2005 Methodological manual on purchasing power parities). 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