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Latest Data Upload: December 2013
 

Glossary - Definition of Term

Term
AMA rate
Definition 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.
 
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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