Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Azerbaijan
PLGDPOAZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
-15.35%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Azerbaijan' measures the relative price level of the Azerbaijani economy compared to the global average, providing insights into the country's economic 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
This trend represents the purchasing power parity (PPP) conversion factor for Azerbaijan's real GDP, which compares the local price level to the global average. It is used to assess the country's economic development and purchasing power relative to other nations.
Methodology
The data is calculated by the World Bank using detailed price surveys and national accounts data.
Historical Context
This metric is valuable for economists, policymakers, and investors analyzing Azerbaijan's economic performance and international trade dynamics.
Key Facts
- Azerbaijan's price level was 41.6% of the global average in 2020.
- The PPP conversion factor has declined from 0.572 in 2000 to 0.416 in 2020.
- A lower PPP value indicates lower prices and higher purchasing power in Azerbaijan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of Azerbaijan's real GDP relative to the global average, providing insights into the country's economic competitiveness and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for assessing Azerbaijan's economic development, international trade dynamics, and the purchasing power of its citizens compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using detailed price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze Azerbaijan's economic competitiveness, guide trade and investment decisions, and inform economic policy development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical 1-2 year delay in the most recent observations.
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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 Azerbaijan (PLGDPOAZA670NRUG), retrieved from FRED.