Purchasing Power Parity, Share of World for Dominica
DMAPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-19.31%
Date Range
1/1/2011 - 1/1/2024
Summary
The Purchasing Power Parity (PPP) share of world for Dominica measures the country's economic output relative to the global total, adjusted for price differences across countries.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
PPP is an economic metric that estimates the relative purchasing power of different currencies, providing a more accurate comparison of a country's gross domestic product (GDP) than using market exchange rates alone. The PPP share of world for Dominica indicates Dominica's contribution to the global economy.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to evaluate Dominica's economic performance and integration within the global market.
Key Facts
- Dominica's PPP share of world was 0.004% in 2021.
- The PPP share of world has remained relatively stable for Dominica over the past decade.
- Dominica's economy is small compared to the global total, accounting for a tiny fraction of world output.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) share of world for Dominica measures the relative size of Dominica's economy compared to the global total, adjusting for price differences across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Dominica's economic position and integration within the global market, which is useful for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Dominica's economic performance and its relative position in the global economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a delay of up to a year in the most recent observations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for Dominica (DMAPPPSH), retrieved from FRED.