Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Guatemala
PLGDPOGTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
48.06%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Guatemala, adjusted for purchasing power parity (PPP) relative to exchange rates. It provides insights into the real purchasing power of Guatemala's economic output.
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 a key metric for comparing the real value of economic output across countries, adjusting for differences in price levels. It helps analysts assess the true standard of living and productivity in Guatemala relative to other nations.
Methodology
The data is calculated by the World Bank using GDP and exchange rate data.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to evaluate economic performance and living standards.
Key Facts
- Guatemala's price level is 31.9% of the U.S. level in 2021.
- This metric has increased from 24.9% in 1990, indicating rising living standards.
- The price level is lower than neighboring El Salvador (39.2%) and Mexico (47.4%).
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Guatemala, adjusted for purchasing power parity (PPP) relative to exchange rates. It provides insights into the real purchasing power of Guatemala's economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international institutions to evaluate economic performance and living standards across countries by adjusting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and exchange rate data.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international institutions to assess the true standard of living and productivity in Guatemala relative to other nations, informing economic and development policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight 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 Guatemala (PLGDPOGTA670NRUG), retrieved from FRED.