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December, 1987, Vol. 110, No. 12
Comparison of purchasing power parity
between the United States and Canada
Chief, Division of International Prices, Bureau of Labor Statistics, U.S. Department of Labor
Chief, The Price Office, Statistics Canada
Purchasing power parities determine expenditures for real gross domestic product among countries without the use of the exchange rate to convert currencies; parities more accurately reflect the rate at which currency in one country can be converted to buy an equivalent "market basket" in another country.
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Related BLS programs
International Price Indexes
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International price comparisons based on purchasing power parity.—Oct. 1999.
International labor productivity and per capita income.—July 1999.
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