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Purchasing power parity (PPP) in Italy 2008-2019

Between 2008 and 2019, Italy's purchasing power parity decreased. In 2018, the PPP was approximately 0,7 NCU per U.S. dollars, whereas it decreased to roughly 0,7 NCU in 2019.
Purchasing power parity indicates the number of units in the national currency (NCU) needed to buy the same amount of goods and services in a given country compared to those needed in the United States. This conversion aims to equalize the purchasing power among countries, by eliminating the differences in prices.

Purchasing power parity (PPP) in Italy from 2008 to 2019

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Source

Release date

2020

Region

Italy

Survey time period

2008 to 2019

Supplementary notes

National currency units per U.S. dollar.

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