Purchasing power parity is the rate of conversion of currencies for eliminating the differences in the price levels representing the value of the same quantity and same goods and services bought in different countries with different currencies. The calculation of the purchasing power parity is based on data on the expenditure components of GDP defined by ESA 2010, by which the ranking of economies by size is possible. Data on the Republic of North Macedonia are part of the publication "Statistics Explained" of Eurostat. Users can access Eurostat data on purchasing power parity here.
