Online Encyclopedia
International dollar
The International dollar is a hypothetical currency unit that has the same purchasing power as the U.S. dollar has in the United States at a given point in time. It shows how much a local currency unit is worth within the country's borders. Conversions to international dollars are calculated using purchasing power parities (PPP). It is used for - namely gross domestic product (GDP) - comparisons both between countries and over time.
Last updated: 02-07-2005 18:41:21
Last updated: 03-18-2005 11:16:12