(ECO) TURKEY RANKED 25TH IN EUROPE WITH ITS PRICES.ANKARA, Jul 21, 2009 (TUR) -- Turkey was ranked the 25th among 37 European countries last year in terms of purchasing power parity Purchasing power parity The notion that the ratio between domestic and foreign price levels should equal the equilibrium exchange rate between domestic and foreign currencies. and prices of consumption goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . According to the Turkish Statistical Board (TUIK TUIK Türkiye Istatistik Kurumu (Turkey) ), which compiled economic figures from Eurostat and OECD OECD: see Organization for Economic Cooperation and Development. , Turkey was the European country with most expensive prices in sectors such as household appliances, consumer electronics, personal transportation vehicles, and communications. Based on the price rate index in Europe, Turkey's prices were below the European Union (EU) average in 2008. The TUIK said that the most expensive European countries in 2008 were Denmark, Norway and Switzerland. Macedonia was ranked the country with the lowest prices in 2008 in Europe. (THROUGH ASIA PULSE) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion