Purchasing Power Parities (PPP) data collection 2022: 2021-SI-PPP

Programme: Single Market Programme (SMP)-undefined

Topic: SMP-ESS-2021-PPP-H1-5690

Type of action: SMP European Statistics

Project ID: 101051093

Objective

Eurostat is in charge of the annual calculation and dissemination of Purchasing Power Parities (PPPs) for 37 European countries in line with Regulation (EC) no 1445/2007. The purpose of the Eurostat-OECD PPP Programme is to compare on a regular and timely basis the GDPs of three groups of countries: the EU Member States, OECD Member Countries and associate non-member countries (countries that have an association other than membership with the European Union or the OECD). More precisely, the Programme’s objective is to compare the price and volume levels of GDP and its component expenditures across the three groups of countries. The PPPs are calculated by Eurostat and the OECD with the price and expenditure data that countries participating in the Programme supply specifically for the calculation. The 2 main purposes of PPP data are to compare the Gross Domestic Product (GDP) of different countries without the figures being distorted by differing price levels in those countries and to analyse relative price levels across countries.