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purchasing-power parity
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purchasing-power parity

System for comparing standards of living between different countries. Comparing the gross domestic product (GDP) of different countries involves first converting them to a common currency (usually US dollars), a conversion which is subject to large fluctuations with variations in exchange rates. Purchasing-power parity aims to overcome this by measuring how much money in the currency of those countries is required to buy a comparable range of goods and services.
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One of the oldest and most basic fundamental approaches to determining the "fair" exchange rate of one currency to another relies on the concept of Purchasing Power Parity.
US Dollar Swiss Franc Exchange Rate Forecast by Mena Report
Byline: Daily Star Staff Summary: <p>The annual survey on the gross national income (GNI) per capita conducted by the World Bank in 210 countries ranked Lebanon 94th worldwide in terms of GNI per capita at purchasing power parity (PPP) and 6th among MENA 13 countries in the Middle East and North Africa region (MENA) in 2008, as reported by Byblos bank's Lebanon This week.
LebanonAEs GNI per capita 94th in world, 6th in MENA by The Daily Star (Beirut, Lebanon)
ANKARA, Jul 21, 2009 (TUR) -- Turkey was ranked the 25th among 37 European countries last year in terms of purchasing power parity and prices of consumption goods and services.
(ECO) TURKEY RANKED 25TH IN EUROPE WITH ITS PRICES by Anadolu (Eskisehir, Turkey)
 
 
 
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