Austria - Purchasing power parity conversion factor for private consumption

0.7 (LCU per international dollars) in 2022

In 2022, PPP for private consumption for Austria was 0.7 LCU per international dollars. PPP for private consumption of Austria fell gradually from 0.9 LCU per international dollars in 2003 to 0.7 LCU per international dollars in 2022.

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What is PPP for private consumption?

Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure).

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What is Austria PPP for private consumption?