Definition: Nominal final expenditures

Purchasing power parities

National final expenditures on GDP that have been converted to a common currency with exchange rates. Expenditures so converted remain valued at national price levels and reflect both volume and price differences between countries. Also referred to as "nominal values".
Source:
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, 2006
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