World Data Atlas Topics Exchange Rates

Organisation for Economic Co-operation and Development

The Organisation for Economic Co-operation and Development (OECD) is an international economic organisation of 34 countries founded in 1961 to stimulate economic progress and world trade. It is a forum of countries committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices and co-ordinate domestic and international policies of its members.

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O
- OECD Purchasing Power Parities (PPPs) and Exchange Rates, 2015
  
  March 2015
  
  Source: Organisation for Economic Co-operation and Development
  
  Uploaded by: Knoema
  
  Accessed On: 22 April, 2015
  
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  Exchange rates, purchasing power parities (PPPs) for GDP, for private consumption and for actual individual consumption. Exchanges rates are collected from the IMF publication “International Financial Statistics” and refer to IMF series “rf”: year average national currency per U.S. dollars. PPPs are the rates of currency conversion that equalise the purchasing power of different countries by eliminating differences in price levels between countries. When converted by means of PPPs, the expenditures on GDP for different countries are in effect expressed at the same set of prices so that comparisons between countries reflect only differences in the volume of goods and services purchased.

Organisation for Economic Co-operation and Development

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