|New Zealand||$ 1.08|
|Marshall Is.||$ 1.06|
|Solomon Is.||$ 0.97|
Pacific: Currency +/- valuation index
This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).
To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.
Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.
These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )
Source: calculated using figures from the IMF World Economic Outlook Database
Statistics for the Pacific Region. The bright spots in the Pacific are Australia and New Zealand, both countries which publish excellent house price statistics, as well as very good general economics statistics.