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Eurostat-OECD Methodological Manual on Purchasing Power Parities (2012 Edition)

image of Eurostat-OECD Methodological Manual on Purchasing Power Parities (2012 Edition)

The OECD, Eurostat, and 47 participating countries work together in establishing purchasing power parities, or PPPs, in order to compare the price and volume levels of the GDPs. This programme is called the Eurostat-OECD PPP Programme. The manual gives a complete, detailed and up-to-date description of the functioning of the programme. This includes its organisation, the various surveys carried out by participating countries and the ways PPPs are calculated and disseminated. It also provides guidance on the use of PPPs.

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Equipment goods

Gross fixed capital formation (GFCF) is one of the seven main aggregates in the Eurostat- OECD expenditure classification and accounts for around 20 per cent of GDP in most EU Member States and OECD Member Countries. It comprises three expenditure categories: machinery and equipment, construction and other products1. This chapter concerns the pricing of machinery and equipment and other products. The pricing of construction is dealt with in Chapter 11. Of the other products detailed in footnote 1, only computer software is priced; reference PPPs are used for the rest. Machinery and equipment and computer software are referred to as equipment goods in the manual and the price survey conducted to collect their prices is called the equipment goods price survey.

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