Purchasing Power Parities - Equipment Goods

Purchasing Power Parities - Equipment Goods Survey

Purchasing Power Parities (PPPs) are indicators of price level differences across countries.

The Equipment Goods Survey is conducted every two years.

The production of PPPs is a multilateral exercise involving the National Statistical Institutes of the participating countries, Eurostat and the Organisation for Economic Co-operation and Development (OECD), and is governed by two regulations that provide the legal basis for Eurostat comparisons, namely:

• Regulation (EC) No 1445/2007 of the European Parliament and of the Council of 11 December 2007 establishing common rules for the provision of basic information on Purchasing Power Parities and their calculation and dissemination.
• Commission Regulation (EU) No 193/2011 of 28 February 2011 implementing Regulation (EC) No 1445/2007 of the European Parliament and of the Council as regards the system of quality control used for Purchasing Power Parities.

Eurostat is the main user of the data. The aggregated results are published on the Eurostat website. PPPs can be used as currency conversion rates to convert expenditures expressed in national currencies into an artificial common currency (the Purchasing Power Standard, PPS), thus eliminating the effect of price level differences across countries.

Uses

• Convert national accounts aggregates into comparable volume aggregates. In particular, PPPs can be used to compare the Gross Domestic Product (GDP) of different countries without the figures being distorted by differing price levels in those countries.
• Analyse relative price levels across countries. For this purpose, the PPPs are divided by the current nominal exchange rate to obtain a price level index (PLI) which expresses the price level of a given country relative to others.

All information supplied to the CSO is treated as strictly confidential. The Statistics Act, 1993 sets stringent confidentiality standards: information collected may be used only for statistical purposes, and no details that might be related to an identifiable person or business undertaking may be divulged to any other government department or body.

Survey data will be retained indefinitely as one of the primary purposes of the data collection is to obtain longitudinal information on price changes.

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Patsy King, Statistician, Purchasing Power Parities, Central Statistics Office, Skehard Road, Cork, T12X00E.

Tel +353 (21) 4535502 or E-mail ppp@cso.ie

Under the General Data Protection Regulation, you have a right to lodge a complaint with the Data Protection Commission if you consider that processing of your personal data is contrary to data protection law. The contact details of the Commission are:  

By post: Office of the Data Protection Commission, 6 Pembroke Row, Dublin 2, D02 X963, Ireland.

Online: https://dataprotection.ie/en/contact/how-contact-us

However, because your data is processed for statistical purposes these rights may be limited in accordance with Article 89 of the GDPR. This is due to the fact that the exercise of any of these rights may render impossible, or seriously impair, the achievement of the statistical processing and such restriction may be necessary for the fulfillment of those purposes.

DPO@cso.ie