Glossary - Definition of Term |
| AMA rate |
These include:
IMF-based rates whenever appropriate and PAREs (Price adjusted rates of exchange) which are calculated by UNSD. PAREs are applied to countries and years where there appeared to be a serious disparity between real GDP growth and growth when GDP was converted to United states dollars using IMF-based rates. In such a case, the IMF-based rates were replaced with PAREs. This applied mainly to countries with fixed exchange rate regimes and countries going through a period of high inflation (e.g. transition countries from 1990-1995) but their exchange rates were not adjusted adequately to reflect changes in their prices relative to the US prices. |
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| | | It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry. | | |
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