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Purchasing power parities (PPPs) are the rates of currency conversion that try to equalise the purchasing power of different currencies, by eliminating the differences in price levels between countries. The basket of goods and services priced is a sample of all those that are part of final expenditures: final consumption of households and government, fixed capital formation, and net exports. This indicator is measured in terms of national currency per US dollar.
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Conversion rates
Conversion rates presents data on purchasing power parities (PPP) and exchange rates. PPPs are the rates of currency conversion that equalise the purchasing power of different currencies by eliminating the differences in price levels between countries. PPPs are used to remove the effects of the different levels of prices within a group of countries at a point in time. Exchange rates are used to convert GDP in different currencies to a common currency.
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