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".
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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