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Glossary of the 1993 SNA - Definition of Term

Term	Purchasing power parity (PPP)
Definition	A purchasing power parity (PPP) is a price relative which measures the number of units of country B’s currency that are needed in country B to purchase the same quantity of an individual good or service as 1 unit of country A’s currency will purchase in country A.
Paragraphs	16.82.

It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.

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