Prices
branch Indices of price levels
OECD = 100
  2008
Denmark 155   155.00 
Norway 149   149.00 
Switzerland 140   140.00 
Ireland 133   133.00 
Finland 131   131.00 
Iceland 131   131.00 
Sweden 130   130.00 
Luxembourg 128   128.00 
France 124   124.00 
Belgium 123   123.00 
Austria 121   121.00 
Netherlands 119   119.00 
Germany 116   116.00 
Australia 115   115.00 
Italy 113   113.00 
United Kingdom 112   112.00 
EU27 total 111   111.00 
Canada 106   106.00 
Japan 104   104.00 
Spain 103   103.00 
New Zealand 101   101.00 
OECD total 100   100.00 
Greece 99   99.00 
United States 92   92.00 
Portugal 91   91.00 
Israel 91   91.00 
Slovenia 89   89.00 
Czech Republic 78   78.00 
Estonia 78   78.00 
Poland 74   74.00 
Slovak Republic 73   73.00 
Brazil 73   73.00 
Hungary 72   72.00 
Turkey 68   68.00 
Russian Federation 68   68.00 
Mexico 65   65.00 
Korea 64   64.00 
Chile 64   64.00 
Indonesia 52   52.00 
South Africa 52   52.00 
China 50   50.00 
India 34   34.00 

Definition

PPPs are currency converters that equalise price levels between countries. The PPPs shown here have been calculated by comparing the prices in OECD countries of a common basket of about 2500 goods and services. Countries are not required to price all the items in the common basket because some of the items may be hard to find in certain countries. However, the common basket has been drawn up in such a way that each country can find prices for a wide range of the goods and services that are representative of their markets.

The goods and services to be priced cover all those that enter into final expenditure - household consumption, government services, capital formation and net exports. Prices for the different items are weighted by their shares in total final expenditures to obtain the PPPs for GDP shown here.

For more statistics on economic, environmental and social issues visit online the OECD Factbook 2010.