Quote:
Originally Posted by BrownTown
They wouldn't call it PPP since that is based on exchange rates, but obviously cost of living factors are routinely calculated for different cities and regions.
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Not necessarily, all the Eurozone countries have the same exchange rate with the US$ but all of those countries have different PPP rates based on cost differences between those countries (eg, Slovakia is cheaper than Finland so Slovakian GDP per capita gets boosted more when looking at PPP compared with Finnish GDP per capita).
But there are no different PPP exchange rates for regions within those countries even though costs might also vary a lot internally (eg Paris being a lot more expensive than Brittany).