Purchasing Power Parities (PPPs) for capital goods
European Commission, DG ESTAT - Eurostat
Awarded to PLANCO CONSULTING GMBH. Estimated value: €1,350,000.
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Amounts and figures
Description
Purchasing Power Parities (PPPs) are indicators of price level differences across countries. PPPs tell us how many currency units a given quantity of goods and services costs in different countries. PPPs can thus be used as currency conversion rates to convert expenditures expressed in national currencies into an artificial common currency (the Purchasing Power Standard, PPS), eliminating the effect of price level differences across countries. The main use of PPPs is to convert national accounts aggregates, like the Gross Domestic Product (GDP) of different countries, into comparable volume aggregates. Applying nominal exchange rates in this process would overestimate the GDP of countries with high price levels relative to countries with low price levels. The use of PPPs ensures that the GDP of all countries is valued at a uniform price level and thus reflects only differences in the actual volume of the economy. PPPs are also applied in analyses of relative price levels across countries. For this purpose, the PPPs are divided by the current nominal exchange rate to obtain a price level index (PLI) which expresses the price level of a given country relative to another, or relative …
Award criteria
| Type | Criterion | Weight |
|---|---|---|
| Quality | Please consult the procurement documents. | — |
| Price | Please consult the procurement documents. | — |
Awards
| Lot | Awarded to | Amount | Bids received | Date |
|---|---|---|---|---|
| LOT-0002 | PLANCO CONSULTING GMBH | — | 3 | 23 September 2024 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| TED | 00693346-2024 | 14 November 2024 |
| OJS | 222/2024 | 14 November 2024 |
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is €1,350,000.
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- The contracting authority is European Commission, DG ESTAT - Eurostat (European Union).
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