Price and volume convergence between EU Member States

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Provided by Eurostat

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Dataset information

Catalog

Eurostat

Country of origin

EU institutions

Updated

2023.01.06 00:00

Created

Available languages

English

Keywords

Datasource

Official portal for European data link

Quality scoring

185

Dataset description

Comparative price levels are the ratio between Purchasing power parities (PPPs) and market exchange rate for each country. PPPs are currency conversion rates that convert economic indicators expressed in national currencies to a common currency, called Purchasing Power Standard (PPS), which equalises the purchasing power of different national currencies and thus allows meaningful comparison. If the coefficient of variation of the comparative price levels for the EU decreases/increases over time, the national price levels in the Member States are converging/diverging.

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