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  1. #1
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    Default what's the purchasing power parity in DR?

    does anyone know the current Purchasing Power Parity for the D.R.? All I can find online is GDP adjusted by PPP, but I can't find the actual PPP rate. Thanks

  2. #2
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    Quote Originally Posted by windeguy View Post
    GDP - per capita (PPP) - Country Comparison

    I had never heard of the term before, but now I see how it is useful in evaluating the cost of living in a country. The DR is 98th on the list above.

    I am not certain if the actual version of PPP you are looking for is available for the DR.
    Almost... this one does: GDP (purchasing power parity) - Country Comparison

    ... J-D

  3. #3
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    Default Help in understanding this?

    Quote Originally Posted by J D Sauser View Post

    I am usually pretty good at this stuff but I am totally confused by this table... Where does the 13k for the US come from? Why are all the countries less than the US when Europe is clearly so much more expensive? HELP

  4. #4
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    The simplest way to calculate purchasing power parity between two countries is to compare the price of a "standard" good that is in fact identical across countries. Every year The Economist magazine publishes a light-hearted version of PPP: its "Hamburger Index" that compares the price of a McDonald's hamburger around the world. More sophisticated versions of PPP look at a large number of goods and services. One of the key problems is that people in different countries consumer very different sets of goods and services, making it difficult to compare the purchasing power between countries.

    Meaning if a basket of goods in the USA cost $100, how much does the same basket of goods cost in the DR.

  5. #5
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    I had a quick look at the Big Mac Index and it doesn't include the DR. If anyone knows the current price of a Big Mac in the DR post it here, and then compare to other countries on the Index.
    Big Mac Index - Wikipedia, the free encyclopedia

  6. #6
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    Quote Originally Posted by mountainannie View Post
    I am usually pretty good at this stuff but I am totally confused by this table... Where does the 13k for the US come from? Why are all the countries less than the US when Europe is clearly so much more expensive? HELP
    A statistic is a BIG lie made of compounding little truths.


    I think the hamburger index is something only Americans (US) can believe in. MCD as well as BK and other food franchises adapt their prices based on marketing schemes in some places of the world based on income and sense of value and volumes and in other places they just push thru a price... look at Pizza Hut and MCD prices here... it's more expensive than in the US, and income levels would suggest a much lower price... but then volume doesn't.

    It is very, very difficult to compare the economics of regions and nations.

    ... J-D.
    Last edited by J D Sauser; 10-03-2008 at 09:02 PM.

  7. #7
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    beer costs more..............how about that index?

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    I think J-D and Bob nailed it.....and, PPP can be fairly subjective for individual consumers. The basket of goods that I will consume in the subject country is the only basket that matters to me when determining my personal PPP exchange rate.

    ...oh, and I can't make see of the link to the table of country comparisons either.

  9. #9
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    there used to be a poster that watched the price of a can of Tuna. (At least I think it was tuna...)

    Stuff here is expensive compared to other places....but that is not very accurate, is it?

    HB

  10. #10
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    I'd like to see a comparative list of common food basket items, like rice, milk, bread, eggs, chicken, produce, BEER!, etc.

    I still don't understand how so many staple (non-imported) items here cost the same or more than in the US...

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