Comparison of purchasing power parity between the United States and Canada, (ABSTRACT), Monthly Labor Review Online, December 1987

Comparison of purchasing power parity
between the United States and Canada

John Dryden
The Organization for Economic Cooperation and Development, Paris

Katrina Reut
Chief, Division of International Prices, Bureau of Labor Statistics, U.S. Department of Labor

Barbara Slater
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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