purchasing power parity

Noun

Meaning

purchasing power parity (usually uncountable, plural purchasing power parities)

(economics) A theory of long-term equilibrium exchange rates based on relative price levels of two countries.

Source: en.wiktionary.org

Synonyms

PPP

Examples

In 2016, GDP by Purchasing power parity was estimated to be at $811.726 billion. Source: Internet

Statistics Gross Domestic Product Purchasing power parity - $25.98 billion (2004 est. Source: Internet

Close letter words and terms

purchasing agent purchasing department purchasing power purchasing price purda purdah