Between 2008 and 2020, Italy's purchasing power parity decreased. In 2008, the PPP was approximately 0.78 NCU per U.S. dollars, whereas it decreased to 0.66 NCU in 2020.
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 2020
(NCU per U.S. dollar)
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OECD. (August 13, 2021). Purchasing power parity (PPP) in Italy from 2008 to 2020 (NCU per U.S. dollar) [Graph]. In Statista. Retrieved May 29, 2022, from https://www.statista.com/statistics/1174792/purchasing-power-parity-in-italy/
OECD. "Purchasing power parity (PPP) in Italy from 2008 to 2020 (NCU per U.S. dollar)." Chart. August 13, 2021. Statista. Accessed May 29, 2022. https://www.statista.com/statistics/1174792/purchasing-power-parity-in-italy/
OECD. (2021). Purchasing power parity (PPP) in Italy from 2008 to 2020 (NCU per U.S. dollar). Statista. Statista Inc.. Accessed: May 29, 2022. https://www.statista.com/statistics/1174792/purchasing-power-parity-in-italy/
OECD. "Purchasing Power Parity (Ppp) in Italy from 2008 to 2020 (Ncu per U.S. Dollar)." Statista, Statista Inc., 13 Aug 2021, https://www.statista.com/statistics/1174792/purchasing-power-parity-in-italy/
OECD, Purchasing power parity (PPP) in Italy from 2008 to 2020 (NCU per U.S. dollar) Statista, https://www.statista.com/statistics/1174792/purchasing-power-parity-in-italy/ (last visited May 29, 2022)