This enables the economy of one country to be more accurately compared to that of another. It is accepted practice to report Gross Domestic Product (GDP) in PPP adjusted US Dollar equivalent. Purchasing Power Parity (PPP) is a trick used by economists to normalize the value and costs of goods and services across different economies. This article will share how we calculate PPP using Romania as an example.

We are now leveraging this research to adjust prices for consumers of our online training. Recently Stephanie Dziad and Todd Little at Kanban University have done an extensive research to update our PPP ratios. Kanban University has used this technique since 2012 to fairly price certificates for training issues by our network of Accredited Kanban Trainers (AKTs) globally. If you don’t find your country listed, please contact us for a quotation. We make PPP adjustments for many countries of the world, please check the table below to find the adjustment for your country. This is done using a technique from economics called purchasing power parity (PPP). This opens up our training to a global market making it affordable for anyone to consume our online services. Being part of a global market, we adjust our pricing for global online training courses so that students participating from countries with lower-cost economies can pay a fair affordable price.

Big mac index example with pesos