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VOLUMES AT CONSTANT INTERNATIONAL PRICES OF PERIOD T-1 (AT PPPS OF PERIOD T-1)

Statistics Directorate    
Definition:
Volumes at constant international prices of period t-1 (at PPPs of period t-1) are series at constant domestic prices (reference year t-1) converted to a common currency by way of constant PPPs of period t-1.

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 t-1. Thus, PPP-based 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