Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Antigua and Barbuda
PLGDPOAGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
36.28%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the relative price level of Antigua and Barbuda's real GDP, adjusted for purchasing power parity (PPP) and exchange rates. It provides insights into the country's economic development 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
The price level of output-side real GDP at current purchasing power parities (PPP) compares the domestic purchasing power of a country's currency to a base country, typically the United States. This metric helps assess a nation's standard of living and economic performance relative to its peers.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Economists and policymakers use this trend to evaluate Antigua and Barbuda's economic integration and competitiveness in the global marketplace.
Key Facts
- Antigua and Barbuda's price level of real GDP was 59.4% of the U.S. level in 2020.
- The trend has declined from a high of 69.4% in 1990, indicating a relative loss of economic competitiveness.
- Policymakers use this metric to assess the country's standard of living and international trade position.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of Antigua and Barbuda's real GDP, adjusted for purchasing power parity (PPP) and exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Antigua and Barbuda's economic development and competitiveness compared to other countries, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate Antigua and Barbuda's economic integration and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Antigua and Barbuda (PLGDPOAGA670NRUG), retrieved from FRED.