Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Cameroon
PLGDPOCMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.41
Year-over-Year Change
-0.72%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures the purchasing power parity-adjusted price level of real GDP in Cameroon, providing insights into the country'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) for Cameroon compares the country's price level to the global average, adjusting for differences in exchange rates. This metric is useful for analyzing Cameroon's economic performance and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and analysts use this trend to assess Cameroon's economic competitiveness and living standards.
Key Facts
- Cameroon's price level was 36.4% of the global average in 2020.
- The trend has increased from 29.7% in 1990 to 36.4% in 2020.
- Cameroon's relatively low price level indicates lower living standards compared to more developed economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted price level of real GDP in Cameroon, comparing the country's price level to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for analyzing Cameroon's economic performance and living standards relative to other nations, providing insights into the country's economic development and international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Cameroon's economic competitiveness and living standards compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the World Bank.
Related Trends
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Niger
PLGDPONEA670NRUG
Exchange Rate (market+estimated) for Bangladesh
XRNCUSBDA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Oman
PLGDPOOMA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Kazakhstan
PLGDPOKZA670NRUG
Exchange Rate (market+estimated) for Japan
XRNCUSJPA618NRUG
Exchange Rate (market+estimated) for El Salvador
XRNCUSSVA618NRUG
Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Cameroon (PLGDPOCMA670NRUG), retrieved from FRED.