


Definition: 
Volumes at constant international prices of period t1 (at PPPs of period t1) are series at constant domestic prices (reference year t1) converted to a common currency by way of constant PPPs of period t1.

Context: 
When expressed as a volume index, this corresponds to a weighted average of the volume index of each country in the area with weights based on PPPs of period t1. Thus, PPPbased weights are periodically updated.

Source
Publication: 
Statistical Series for the Euro Area  Conclusions and Recommendations of the OECD ASTF Euro Subgroup, 15 May 2001.

Statistical
Theme: Prices and purchasing power partities 
Created
on Tuesday, September 25, 2001 
Last
updated on Sunday, March 17, 2002 












