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The PPP for a basic heading or an aggregate between two countries that is defined as the geometric mean of the Laspeyres type PPP and the Paasche type PPP for the basic heading or the aggregate.

See also “Laspeyres type PPP” and “Paasche type PPP” because their formulation depends on whether they are being used to calculate basic heading PPPs or to aggregate basic heading PPPs.

Source Publication:
Eurostat, OECD, 2007, Eurostat-OECD Methodological Manual on Purchasing Power Parities, OECD, Paris – Annex VII, Glossary of terms and abbreviations.

Statistical Theme: Prices and purchasing power partities

Created on Thursday, July 12, 2007