Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Cote d'Ivoire
PLGDPOCIA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-4.08%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Cote d'Ivoire, adjusted for purchasing power parity. It provides insights into the country's economic conditions 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) compares the cost of a standardized basket of goods and services in Cote d'Ivoire to the global average, using the exchange rate as a reference. This metric offers valuable context for evaluating the nation's economic development and trade position.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate information.
Historical Context
Policymakers and international institutions use this trend to assess Cote d'Ivoire's economic performance and purchasing power relative to other countries.
Key Facts
- Cote d'Ivoire's price level was 42.4% of the global average in 2020.
- The trend has declined from a high of 56.7% in 1990.
- Lower price levels indicate greater international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Cote d'Ivoire, adjusted for purchasing power parity (PPP) relative to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Cote d'Ivoire's economic development and international competitiveness, which is useful for policymakers and institutions evaluating the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this trend to assess Cote d'Ivoire's economic performance and purchasing power relative to other countries, informing trade and development policies.
Q: Are there update delays or limitations?
A: The data is subject to availability from the World Bank, and may have update delays depending on the reporting schedule.
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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 Cote d'Ivoire (PLGDPOCIA670NRUG), retrieved from FRED.