Post on 21-Jan-2016
description
INTERNATIONAL COMPARISON PROGRAMME
ICP WESTERN ASIA – 2005 ROUND
FINAL RESULTS – ESCWA REGION
Majed Skaini
Egyptian travelling to Lebanon for few daysAssuming he will only spend on food and servicesIn Egypt, he would spend around L.E. 250 for the
same period to purchase what he needs of food and services
Doing the calculation…
Exchange Rate L.E. 250 L.L. 65,200
AFHC PPP L.E. 250 L.L. 140,000
Same quantity and quality of food and services purchased
Lebanese working in Bahrain for B.D. 3,360 a month
He gets an offer to relocate to Qatar for Q.R. 38,500 a month
Does he take the offer and relocate to Qatar?Will he be enjoying the same or better well being?
Exchange Rate B.D. 3,360 < $9,000 Q.R. 38,500 > $10,500
AFHC PPP Q.R. 38,500 = B.D. 3,342 < B.D. 3,360