Purchasing Power Parity, Share of World for Dominican Republic
DOMPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
28.42%
Date Range
1/1/2011 - 1/1/2024
Summary
This series measures the purchasing power parity (PPP) share of the Dominican Republic's economy compared to the global total. It provides insights into the country's economic size and development relative to other nations.
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
Purchasing power parity (PPP) compares economies by adjusting for differences in price levels, allowing a more accurate assessment of living standards and economic activity. The PPP share reflects the Dominican Republic's contribution to the world economy.
Methodology
The data is calculated by the World Bank based on detailed price surveys and national accounts information.
Historical Context
PPP shares are used by economists, policymakers, and international organizations to analyze global economic trends and make informed decisions.
Key Facts
- The Dominican Republic's PPP share was 0.13% in 2021.
- PPP adjusts for differences in price levels across countries.
- PPP shares are used to compare economic size and living standards globally.
FAQs
Q: What does this economic trend measure?
A: This series measures the Dominican Republic's purchasing power parity (PPP) share of the global economy. PPP compares economies by adjusting for price level differences.
Q: Why is this trend relevant for users or analysts?
A: The PPP share provides insights into the Dominican Republic's economic size and development relative to other countries, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on detailed price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: PPP shares are used by economists, policymakers, and international organizations to analyze global economic trends and make informed decisions.
Q: Are there update delays or limitations?
A: The PPP share data is updated annually by the World Bank, with some potential delays in data availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for Dominican Republic (DOMPPPSH), retrieved from FRED.