Purchasing power parity is an economic term for measuring prices at different locations. It is based on the
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Purchasing power parity exchange rate is used when comparing national production and consumption and other places where the prices of non-traded goods are considered important. (Market exchange rates are u… See more

The PPP exchange-rate calculation is controversial because of the difficulties of finding comparable baskets of goods to compare purchasing power across countries.
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The idea originated with the School of Salamanca in the 16th century, and was developed in its modern form by Gustav Cassel in 1916, in The Present Situation of the Foreign Trade. While Gustav Cassel's use of PP… See more

Each month, the Organisation for Economic Co-operation and Development (OECD) measures the differences in price levels between its member countries by calculating the ratios of PPPs for private final consu… See more

Consumer price index (CPI) and purchasing power parity (PPP) conversion factors share conceptual similarities. The CPI measures differences in levels of prices of goods and services over time within a country, wh… See more

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• List of countries by GDP (PPP)
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• List of IMF ranked countries by GDP, Includes IMF ranked PPP of 186 countries… See more