National Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Purchasing power parities of gross domestic product of OECD countries, ratio

Purchasing power parities refers to a ratio of the price of a good or service in one country in the national currency relative to the price of the same item in another country expressed in its currency. In other words, it represents a currency conversion rate that would equalize the purchasing power of the two currencies for the commodity in question. For example, a PPP of 0.90 signifies that 90 cents U.S. purchases the same quantity of the specified good or service as $1 Canadian; thus the U.S. dollar has greater purchasing power than its Canadian counterpart.

Gross domestic product of OECD countries refers to the total unduplicated value of the goods and services produced in the economic territory of an OECD country during a given period. A valuation expressed in terms of the prices actually paid by the purchaser after all applicable taxes and subsidies.

The data for this variable are reported using the following measurements:

• Decimal number
  Data tables

  • Purchasing power parities for gross domestic product (GDP), Organisation for Economic Co-operation and Development (OECD) countries Table: 380-0037