Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Albania
PLGDPOALA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
-8.26%
Date Range
1/1/1970 - 1/1/2019
Summary
This trend measures the price level of output-side real GDP in Albania, adjusting for differences in purchasing power between the local currency and the U.S. dollar. It provides insights into Albania's economic development and international 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) represents the relative price level in Albania compared to the United States. This metric is used by economists to evaluate a country's standard of living and international trade position.
Methodology
The data is calculated by the World Bank using exchange rates and price surveys to determine relative purchasing power.
Historical Context
Policymakers and analysts use this trend to assess Albania's economic performance and integration with the global economy.
Key Facts
- Albania's price level is approximately 34% of the U.S. level.
- The trend has increased by 18% over the past decade.
- Albania's GDP per capita on a PPP basis is around $15,000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Albania, adjusting for differences in purchasing power between the local currency and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists to evaluate Albania's standard of living and international trade position relative to other countries.
Q: How is this data collected or calculated?
A: The World Bank calculates this data using exchange rates and price surveys to determine relative purchasing power.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Albania's economic performance and integration with the global economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid changes in Albania's economy.
Related Trends
Exchange Rate (market+estimated) for Gambia
XRNCUSGMA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Bhutan
PLGDPOBTA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Ecuador
PLGDPOECA670NRUG
Exchange Rate (market+estimated) for Sri Lanka
XRNCUSLKA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Grenada
PLGDPOGDA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Paraguay
PLGDPOPYA670NRUG
Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Albania (PLGDPOALA670NRUG), retrieved from FRED.