Power Parities News Today

Updated purchasing power parities reveal while NZ's per capita GDP sits lower than South Korea, our consumption levels are at the OECD average, and our cost of living is above that average

It is now well-established that economic development cannot be measured by the level of national income alone or the rate of growth of the gross domestic product

According to ECO, the average income of Europeans grew in 2022, but asymmetries persist between Member States. Only Bulgaria, Slovakia, Romania, Hungary, and...

Ireland's energy prices were the second highest in the EU behind Denmark, according to a new report from statistics agency, Eurostat.

The writer says the income-poverty line must be accompanied by a multidimensional-poverty assessment. Read more at straitstimes.com.

As a result of the adoption of the 2017 PPPs, the global poverty lines have been revised: The international poverty line, used to define extreme global poverty, is now revised to US$2.15 from US$1.90. Poverty lines for other sets of countries have also been revised upwards.

On June 23, Eurostat published its most recent analysis of price levels for consumer goods and services in the European Union (EU), focusing on price level indices (PLIs), which provide a comparison o...

The ICP in Western Asia: turning the spotlight on Arab economies New results from the ICP including purchasing power parities (PPP), price level indexes and PPP-based expenditures for reference year 2017 are now available at icp.worldbank.org. This blog series, edited by Edie Purdie, covers all aspects of the ICP and explores the use made of these data by researchers, policymakers, economists, data scientists and others. We encourage users to share their data applications and findings in this ...

Messenger BEIRUT, Dec 12: Qatar and the United Arab Emirates ranked second and eighth respectively among the world’s top 10 richest countries, while Egypt and the Sudan ranked first and third respectively among the 5 least expensive countries, according to a new report released by the United Nations Economic and Social Commission for Western Asia (ESCWA). The regional report, titled “Purchasing Power Parities (PPP) and the Real Size of Arab Economies”, presents the largest and most recent...