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Comparing housing affordability in different African countries using purchasing power parity dollars
A purchasing power parity (PPP) dollar is a notional currency that reflects the rate at which the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in each country. It takes account of the prevailing inflation rates in each country. Because of the distortions that the use of prevailing market exchange rates can give rise to, the affordability calculations in 2021's Housing Finance in Africa Yearbook are converted into international purchasing power parity (PPP) dollars.