# Price Level of Consumption for Republic of Korea

2010: 76.59959 PPP of Consumption over Exchange Rate (+ see more)
Annual, Not Seasonally Adjusted, PLOCONKRA622NUPN, Updated: 2012-09-17 11:46 AM CDT
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Price Level of GDP is the PPP over GDP divided by the exchange rate times 100. The PPP of GDP or any component is the national currency value divided by the real value in international dollars. The PPP and the exchange rate are both expressed as national currency units per US dollar.The value of price level of GDP for the United States is made equal to 100. Price Levels of the components Consumption, Investment, and Government are derived in the same way as the price level of GDP. While the U.S. = 100 over GDP, this is not true for the component shares. The purchasing power parity in domestic currency per \$US for GDP or any component, may be obtained by dividing the price level by 100 and multiplying by the Exchange Rate. More information is available at http://pwt.econ.upenn.edu/Documentation/append61.pdf.

For proper citation, see http://pwt.econ.upenn.edu/php_site/pwt_index.php

Source Indicator: pc

Source: University of Pennsylvania

Release: Penn World Table 7.1

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(a) Price Level of Consumption for Republic of Korea, PPP of Consumption over Exchange Rate, Not Seasonally Adjusted (PLOCONKRA622NUPN)
Price Level of GDP is the PPP over GDP divided by the exchange rate times 100. The PPP of GDP or any component is the national currency value divided by the real value in international dollars. The PPP and the exchange rate are both expressed as national currency units per US dollar.The value of price level of GDP for the United States is made equal to 100. Price Levels of the components Consumption, Investment, and Government are derived in the same way as the price level of GDP. While the U.S. = 100 over GDP, this is not true for the component shares. The purchasing power parity in domestic currency per \$US for GDP or any component, may be obtained by dividing the price level by 100 and multiplying by the Exchange Rate. More information is available at http://pwt.econ.upenn.edu/Documentation/append61.pdf.

For proper citation, see http://pwt.econ.upenn.edu/php_site/pwt_index.php

Source Indicator: pc

Price Level of Consumption for Republic of Korea

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``` University of Pennsylvania, Price Level of Consumption for Republic of Korea [PLOCONKRA622NUPN], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/PLOCONKRA622NUPN/, March 29, 2015. ```

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