Purchasing power parities (PPPs) are the rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries. In ...

The international comparison program (ICP) is an international project that was launched to make a real comparison of gross domestic product (GDP) of various countries by calculating the purchasing ...

Good international economic policy requires good comparative data on national economic performance. In May 2020, the World Bank published the latest comprehensive update of purchasing power parities ...

Rates of currency conversion that equalise the same ‘basket of goods’ and services in all countries, reflecting only differences in the volume of goods and services purchased, and eliminating the ...

Statisticians have long recognized that using market exchange rates to compare economies’ levels of economic activity can lead to misleading results. In particular, the differences between the size of ...

The African Development Bank Group has published highlights of its purchasing power parities (PPP) findings for Africa, following the International Comparison Program (ICP)'s release of its 2021 and ...

The government on Wednesday spun the new minimum wage in a positive light, saying that in terms of purchasing power, the €940 a month, seen by unions as inadequate, was in fact worth €1,036 in terms ...

The economic divergence is growing among EU countries. Rich countries get richer as compared to the average and the poor getting poorer. The EU’s efforts to achieve economic and social convergence is ...