Purchasing Power Parity, Share of World for Jamaica
JAMPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-22.25%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'Purchasing Power Parity, Share of World for Jamaica' series measures Jamaica's economic output relative to the global economy. This data provides important insights into the country's economic standing and competitiveness.
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) is an economic theory and measurement that compares different countries' currencies through a 'basket' of goods. The JAMPPPSH series specifically looks at Jamaica's share of global PPP, indicating the island nation's economic size and influence within the world market.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Economists and policymakers use PPP data to gauge a country's standard of living and make cross-country comparisons.
Key Facts
- Jamaica's PPP share was 0.03% in 2020.
- Jamaica's PPP share has remained relatively stable over the past decade.
- Relative to its population, Jamaica's economic output is below the global average.
FAQs
Q: What does this economic trend measure?
A: The 'Purchasing Power Parity, Share of World for Jamaica' series measures the relative size of Jamaica's economy compared to the global economy, based on purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into Jamaica's economic standing and competitiveness on the world stage, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use PPP data to gauge a country's standard of living and make cross-country comparisons, which can inform economic and development policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delays in reporting the most recent year's figures.
Related Trends
Value of Exports to Jamaica from South Dakota
SDJAMA052SCEN
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Jamaica
JAMFCBODULNUM
Gross Portfolio Equity Assets to GDP for Jamaica
DDDM09JMA156NWDB
Number of Identified Exporters to Jamaica from South Dakota
SDJAMA475SCEN
Number of Identified Exporters to Jamaica from New Jersey
NJJAMA475SCEN
Number of Identified Exporters to Jamaica from Mississippi
MSJAMA475SCEN
Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for Jamaica (JAMPPPSH), retrieved from FRED.