Purchasing Power Parity
ACTP is pleased to announce that it will begin to support Purchasing Power Parity on July 10, 2024.
What is Purchasing Power Parity in simple terms?
The basic tenet of purchasing power parity, or PPP, is that no one in Somalia will be persuaded to purchase anything at a reasonable price in Switzerland.
Though it’s an extreme example, you understand the point.
The apparent cause of this discrepancy is that people’s purchasing power varies globally. There are several indexes to quantify this phenomenon; the Big Mac Index is the most well-known in popular culture.
Using PPP for your pricing has two advantages:
- it is fair: I want as many individuals as possible to have access to ACPT, especially those who could utilize it to better their financial circumstances by purchasing the plugin to launch their own ventures;
- it is profitable: low-PPP nations won’t be the ones to provide the greatest income, but it’s still better than nothing and will help these nations’ economies grow.
Purchasing Power Parity: how it is calculated
Each nation is assigned to one of the parity groups as follows:
Parity group: 0.2-0.3 (Discount applied 60%)
Afghanistan – Egypt – Iran – Kyrgyzstan – Sri Lanka – Bhutan – Laos – Lebanon – Libya – Myanmar – Pakistan – Sierra Leone – Tajikistan – Nepal – Uzbekistan – Sudan – India – Madagascar – Turkey
Parity group: 0.3-0.4 (Discount applied 50%)
Albania – Bosnia and Herzegovina – Cameroon – Bangladesh – Burkina Faso – Benin – Jordan – Burundi – Colombia – Côte d’Ivoire – Fiji – Ethiopia – Georgia – Comoros – Lesotho – Cambodia – Armenia – Bolivia – Belarus – Algeria – Eritrea – Ghana – Gambia – Guinea-Bissau – Indonesia – Kenya – Kazakhstan – Moldova – North Macedonia – Mali – Malawi – Malaysia – Mozambique – Nigeria – Nicaragua – Philippines – Paraguay – Rwanda – Thailand – Tanzania – Ukraine – Uganda – Vietnam – Mongolia – Mauritania – Mauritius – Somalia – Tunisia – Zambia – Montenegro – Romania – Serbia – Senegal – Morocco – Niger – Suriname – Eswatini – Togo
Parity group: 0.4-0.5 (Discount applied 50%)
Ecuador – Bulgaria – Croatia – Botswana – Angola – Azerbaijan – Central African Republic – Cabo Verde – Guyana – Hungary – Equatorial Guinea – Honduras – Bahrain – Congo (the Democratic Republic of the) – Dominican Republic – Guinea – Liberia – Panama – Namibia – Peru – Poland – Seychelles – El Salvador – Taiwan – Maldives – Chad – Yemen – South Africa – Russia
Parity group: 0.5-0.6 (Discount applied 40%)
Greece – Saint Kitts and Nevis – Argentina – Brazil – China – Djibouti – Iraq – Jamaica – Guatemala – Lithuania – Chile – Costa Rica – Czechia – Gabon – Grenada – Haiti – Latvia – Sao Tome and Principe – Saint Vincent and the Grenadines – Portugal – Mexico – Saudi Arabia – Slovenia – Slovakia – Turkmenistan – Brunei – Macao – Timor-Leste
Parity group: 0.6-0.7 (Discount applied 20%)
United Arab Emirates – Spain – Aruba – Cyprus – Estonia – Italy – South Korea – Belize – Congo – Malta – Singapore – Dominica – Tonga – Venezuela – Samoa – Oman – Zimbabwe
Parity group: 0.7-0.8
Austria – Japan – Belgium – Bahamas – Germany – France – Kiribati – Kuwait – Hong Kong – Saint Lucia – Antigua and Barbuda – Qatar – Papua New Guinea – Trinidad and Tobago – Uruguay
Parity group: 0.8-0.9
United Kingdom – Ireland – Luxembourg – Finland – Palau – Solomon Islands – Puerto Rico – Netherlands – Sweden – Marshall Islands – San Marino
Parity group: 0.9-1.0
Canada – Denmark – Micronesia (Federated States of) – United States of America – South Sudan – Vanuatu – Norway – Nauru – New Zealand – Tuvalu
Parity group: 1.0-1.1
Australia – Iceland
Parity group: 1.1-1.2
Switzerland – Israel – Barbados
Once the customer’s country has been automatically determined, a banner with the applicable coupon code will appear.