Description:

Purchasing Power Parities (PPPs) serve as currency conversion rates that equalize the purchasing power of diverse currencies by eliminating disparities in price levels between countries. At their core, PPPs indicate the relative prices in the national currencies of different countries for identical goods or services. They are calculated not only for individual products but also for product groups and various levels of aggregation, extending up to and including Gross Domestic Product (GDP). The basket of goods and services considered in PPP calculations is a representative sample drawn from all those encompassed by final expenditure categories such as household consumption, government services, capital formation, and net exports, as covered by GDP.

Note:

This indicator is expressed in terms of the national currency required to acquire one US dollar from 1995 to 2016. Furthermore, this dataset is derived from the following research paper:
https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm