PP?

[bengoddardd]

Does anyone know what pp stands for next to a number as a unit as measure? For example, it went up 4.0pp in 2018

 

[Deleted member 4993]

Does anyone know what pp stands for next to a number as a unit as measure? For example, it went up 4.0pp in 2018

Please post the EXACT wording of the problem.

One option could be

pp → percent points.​

It all depends on the context of the statement.

 

[Harry_the_cat]

I'd say "percentage points". But, as Subho said, it really depends on the context.

The difference between percent and percentage points can be illustrated as follows:
Suppose an interest rate goes up from 8% to 12%. The interest rate has gone up by 4 percentage points, but the interest rate has gone up 50 percent.

These two concepts are quite often used incorrectly in newspaper reports.

 

[Deleted member 4993]

These two concepts are quite often used incorrectly in newspaper reports.

And by the financial people. They use either of the two - whatever looks better (stock prices went up by 50 percentage . While going down it will 4 percent points)