Purchasing power parity (PPP) is an economic concept that compares the relative value of currencies by examining the cost of ...

Purchasing power ... be 3:4 (or 0.75), assuming absolute purchasing power parity. It’s important to note that actual currency exchange rates are not informed by relative purchasing power ...

An absolute poverty line is intended to represent ... which is converted to local currencies at so-called purchasing power parity (PPP). By contrast, prevailing relative lines are set at a constant ...

Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It ...