Definition: Reference country

Purchasing power parities

The country, or group of countries such as the European Union or the OECD, for which the value of the PPP (Purchasing power parity) is set at 1.00 and the value of the price level index and of the volume index is set at 100.
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012
Created:
Updated:

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