Between 2008 and 2022, Mexico's purchasing power parity experienced a slight growth. In 2008, the PPP was approximately 7.47 NCU per U.S. dollars. In 2022, it had increased to about 10.38 NCU. That year, five Mexican cities ranked amongst the metropolises with the highest local purchasing power in Latin America and the Caribbean.
Purchasing power parity indicates the number of units in the national currency (NCU) needed to buy the same amount of goods and services in a given country compared to those needed in the United States. This conversion aims to equalize the purchasing power between countries, by eliminating the differences in prices.
Purchasing power parity (PPP) in Mexico from 2008 to 2022
(NCU per U.S. dollar)
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OECD. (November 13, 2023). Purchasing power parity (PPP) in Mexico from 2008 to 2022 (NCU per U.S. dollar) [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/1331402/purchasing-power-parity-in-mexico/
OECD. "Purchasing power parity (PPP) in Mexico from 2008 to 2022 (NCU per U.S. dollar)." Chart. November 13, 2023. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/1331402/purchasing-power-parity-in-mexico/
OECD. (2023). Purchasing power parity (PPP) in Mexico from 2008 to 2022 (NCU per U.S. dollar). Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/1331402/purchasing-power-parity-in-mexico/
OECD. "Purchasing Power Parity (Ppp) in Mexico from 2008 to 2022 (Ncu per U.S. Dollar)." Statista, Statista Inc., 13 Nov 2023, https://www.statista.com/statistics/1331402/purchasing-power-parity-in-mexico/
OECD, Purchasing power parity (PPP) in Mexico from 2008 to 2022 (NCU per U.S. dollar) Statista, https://www.statista.com/statistics/1331402/purchasing-power-parity-in-mexico/ (last visited November 04, 2024)
Purchasing power parity (PPP) in Mexico from 2008 to 2022 (NCU per U.S. dollar) [Graph], OECD, November 13, 2023. [Online]. Available: https://www.statista.com/statistics/1331402/purchasing-power-parity-in-mexico/
