Definition: Representativity indicators

Purchasing power parities

"Markers or other indicators identifying those items that Member States
(countries) have selected as representative." Article 3(l) PPP (Purchasing power parity) Regulation.

Countries are expected to price their representative products and a selection of unrepresentative products - that is, products representative of other countries. When reporting prices, countries are required to identify which of the products they have priced are representative. They do this by assigning representativity indicators. Asterisks are used as representativity indicators in Eurostat and OECD comparisons (2012 Methodological manual on purchasing power parities).


"Indicators, given by each country, marking those items that have been selected as representative items." Countries are expected to price their representative products and a selection of unrepresentative products - that is, products representative of other countries. When reporting prices, countries are required to identify which of the products they have priced are representative. They do this by assigning representativity indicators (2005 Methodological manual on purchasing power parities).
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
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