It's based on purchasing power parity.

Source UNDP, Human Development Report 1995. a Purchasing power parity.

They are, however, using the module for purchasing power parity calculations.

55. However, it was unreasonable to use purchasing power parity for measuring the gross domestic product in international comparisons.

48. In that connection, the Committee recalled the reservations of members about the use of purchasing power parity conversion rates for the purposes of the scale, on both conceptual and practical grounds, and noted continuing problems with the availability and comparability of purchasing power parity rates.

Is it the economy? Well, we have now the fifth largest economy in the world in purchasing power parity terms.

A different weighting scheme, using estimated purchasing power parity (PPP) exchange rate gives a different indicator of world growth (see table 1).

The majority of Member States did not recognize the concept of purchasing power parity and its use should be avoided in UNDP publications.

GDP purchasing power parity in 2003 was around 2.33 billion, GDP real growth rate was approximately 2 per cent and per capita purchasing power parity was 36,000, one of the highest in the world.6 At the same time, Bermuda's high cost of living relegates it to ninth place on the list of countries with the highest purchasing power.7 In September 2004, Bermuda's inflation rate rose to 3.9 per cent, representing the highest inflation level in 14 years.

Preservation of purchasing power

The report presents the status of the programme and plans for the completion of the current phase and the continuation of the worldwide purchasing power parity comparisons.

Most reporting Parties belonged to the low income group, with GDP per capita in some cases less than USD 500 (in 1995 prices adjusted for purchasing power parity).

Most Parties that reported belonged to the low income group, with GDP per capita in some cases less than USD 500 (in 1995 prices adjusted for purchasing power parity).

The added surcharges have reduced even further Cuba s purchasing power.

Attempts to convert national incomes into a common denominator are fraught with complications. To take one prominent example, there is a 25 margin of error on purchasing power parity comparisons between GDP in the United States and China.

Its per capita GDP exceeds 22,000 in purchasing power parity terms, making its income higher than that of Argentina, Brazil, and Mexico. It s no surprise that Chile is considered a developed country the only South American member of the OECD.

China is now the world s largest economy (in terms of purchasing power parity), and it has long been the main contributor to global growth. But China s remarkable success has bred its own problems, which should be addressed sooner rather than later.

The European Union will be preoccupied with its own internal integration process. And China, where income per person is one eighth the level of the US (adjusted for purchasing power parity), is simply too poor to become the new hegemony.

) and the aggregation of purchasing power (does the auction or marketplace facilitate joint purchasing or joint selling by participants in an auction?

These increases have resulted in a growth in employees apos purchasing power.

According to IMF figures, Greece s never ending crisis has cut per capita GDP (in terms of purchasing power parity) by 10 since 2010, and by 18 since 2007. Indeed, Greece may have dropped out of the high income category in recent years.

Sarkozy, who during his electoral campaign vowed to be the president who delivers on purchasing power, now faces an angry French public whose primary complaint is that purchasing power is being eroded by inflation.

SEOUL China already the world s largest exporter, manufacturer, and international reserve asset holder is poised to overtake the United States as the world s largest economy (measured according to purchasing power parity) this year. Now, it is using its growing clout to reshape global economic governance.

A particular drop occurred in wages and salaries which lost much of their purchasing power.

The purchasing power of the population is steadily deteriorating, resulting in successive strikes by civil servants.

Parity

Several Central European countries have achieved per capita GDP levels (measured in terms of purchasing power parity) that place them on the lower rungs of the eurozone s income ladder. Standards of living in the region have improved dramatically even if full convergence with Western Europe is far from achieved.

Recognizing that some frictional poverty will inevitably persist over the next two decades, the World Bank s formal target is to reduce the percentage of people living below the poverty line defined as daily consumption of less than 1.25 (in purchasing power parity terms) per person to less than 3 .

Poverty has been conventionally viewed as the lack of income or purchasing power to secure basic needs.

In light of China s rapid economic growth and the renminbi s growing strength, Chinese GDP (based on the market dollar rate) will likely exceed that of the US much earlier than expected, possibly in 10 15 years. And, when measured in terms of purchasing power parity, China s GDP will reach that of the US around 2015, thus changing the world s balance of economic power.

But Japan would close the 30 gap (adjusted for purchasing power parity) between its per capita GDP and that of the US. The prevailing belief was that, by 2015 or so, Japan s per capita GDP would more likely than not be 10 higher than in the US (in PPP terms).

Another, the Multidimensional Poverty Index, uses ten indicators, including nutrition, sanitation, and access to cooking fuel and water. And, by using purchasing power parity, which measures the cost of the same basket of goods and services in different countries, economists can adjust GDP to gain better insight into living standards.

Parity checking

Parity error

An attempt to open a shop has failed due to the very low purchasing power of local residents.

Imports are increasing in the former Soviet Union as well, although this is constrained by low purchasing power.

8. Djibouti has a dual economy characterized by an important informal sector serving a population with low purchasing power, and by a modern economy, based on its port and airport infrastructure, serving a population with high purchasing power which depends almost entirely on imports.

So if the telephone is a production tool, then we don't quite have to worry about the purchasing power.

The Pacific island countries have been collecting data that will enable them to compute purchasing power parities for consumption.

The continued high prices of food could strain the already low purchasing power of the chronically food insecure population.

Employing many of the same development strategies including export oriented policies and a conglomerate dominated industrial system South Korea has been catching up with Japan for four decades. Its per capita income (in terms of purchasing power parity), just one fifth of Japan s in 1970, amounts to almost 95 of Japan s today.

Despite their shortcomings, income measures are useful in gaining a better understanding of the extent of poverty and vulnerability worldwide. But the World Bank s poverty line of 1.25 per day (in purchasing power parity terms), which is used in measuring progress toward the MDGs poverty reduction target, is not the only relevant threshold.

The OECD countries, on average, use 160 kilograms of oil equivalent energy for every 1,000 of GDP (measured at purchasing power parity). But, in energy efficient Switzerland, energy use is just 100 kg per 1,000 of GDP, and in Demark it is just 110 kg, compared with 190 kg in the US.

Data parity error

Secondary parity checking