Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Fiji
PLGDPOFJA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-27.31%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Fiji, adjusted for purchasing power parity (PPP) relative to exchange rates. It provides insight into the cost of goods and services in Fiji compared to other countries.
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 is an indicator of the relative cost of living and production in Fiji. It compares the purchasing power of the Fijian dollar to other currencies, offering a more accurate assessment of Fiji's economic performance than using exchange rates alone.
Methodology
The data is calculated by the World Bank using GDP and exchange rate information.
Historical Context
This metric is used by economists and policymakers to evaluate Fiji's economic competitiveness and living standards relative to trade partners.
Key Facts
- Fiji's price level was 48.7% of the U.S. level in 2021.
- The PPP-adjusted GDP per capita in Fiji was $9,376 in 2021.
- Fiji's price level has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Fiji, adjusted for purchasing power parity (PPP) relative to exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the cost of goods and services in Fiji compared to other countries, offering a more accurate assessment of Fiji's economic performance than using exchange rates alone.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and exchange rate information.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate Fiji's economic competitiveness and living standards relative to trade partners.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not fully capture short-term economic fluctuations.
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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 Fiji (PLGDPOFJA670NRUG), retrieved from FRED.