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Economy > Currency > Purchasing power and exchange rates > Rates of conversion > Purchasing power parities: Countries Compared

DEFINITION: PPPs are currency converters that equalise price levels between countries. The PPPs shown here have been calculated by comparing the prices in OECD countries of a common basket of about 2 500 goods and services. Countries are not required to price all the items in the common basket because some of the items may be hard to find in certain countries, but the common basket has been drawn up in such a way that each country can find prices for a wide range of the goods and services that are representative of their markets.

The goods and services to be priced cover all those that enter into final expenditure – household consumption, government services, capital formation and net exports. Prices for the different items are weighted by their shares in total final expenditures to obtain the GDP PPPs shown here.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 South Korea $749.88 National currency units p 2009
2 Hungary $134.78 National currency units p 2009
3 Japan $120.14 National currency units p 2009
4 Iceland $115.10 National currency units p 2009
High income OECD countries average (profile) $39.37 National currency units p 2009
Group of 7 countries (G7) average (profile) $17.94 National currency units p 2009
5 Slovakia $17.10 National currency units p 2009
6 Czech Republic $14.23 National currency units p 2009
7 Sweden $9.14 National currency units p 2009
8 Norway $9.05 National currency units p 2009
9 Denmark $8.60 National currency units p 2009
10 Mexico $7.53 National currency units p 2009
11 Poland $1.92 National currency units p 2009
12 Switzerland $1.66 National currency units p 2009
13 New Zealand $1.55 National currency units p 2009
14 Australia $1.42 National currency units p 2009
15 Canada $1.21 National currency units p 2009
16 United States $1.00 National currency units p 2009
17 Finland $0.98 National currency units p 2009
18 Ireland $0.97 National currency units p 2009
19 Luxembourg $0.95 National currency units p 2009
20 France $0.91 National currency units p 2009
21 Turkey $0.89 National currency units p 2009
22 Belgium $0.89 National currency units p 2009
23 Netherlands $0.88 National currency units p 2009
24 Austria $0.88 National currency units p 2009
25 Germany $0.86 National currency units p 2009
26 Italy $0.85 National currency units p 2009
27 Spain $0.74 National currency units p 2009
28 Greece $0.72 National currency units p 2009
29 Portugal $0.67 National currency units p 2009
30 United Kingdom $0.65 National currency units p 2009

Citation

"Countries Compared by Economy > Currency > Purchasing power and exchange rates > Rates of conversion > Purchasing power parities. International Statistics at NationMaster.com", OECD Country statistical profiles 2009. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Currency/Purchasing-power-and-exchange-rates/Rates-of-conversion/Purchasing-power-parities

Economy > Currency > Purchasing power and exchange rates > Rates of conversion > Purchasing power parities: Countries Compared Map

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