Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for India
PLGDPOINA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.32
Year-over-Year Change
17.31%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of India's real GDP on the output side, adjusted for purchasing power parity (PPP) relative to the exchange rate. It provides insights into the country's relative price and productivity levels.
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 PPPs compares the cost of a standardized basket of goods and services in India to the global average, helping assess the country's relative price and competitiveness. Economists use this metric to evaluate India's economic development and living standards.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
This trend is relevant for policymakers and investors analyzing India's economic performance and international trade dynamics.
Key Facts
- India's GDP price level was 37.31 in 2021, indicating lower prices compared to the global average.
- The trend has increased from 27.51 in 2000, reflecting India's rising productivity and living standards.
- India's GDP price level is lower than developed economies like the U.S. but higher than other emerging markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of India's real GDP on the output side, adjusted for purchasing power parity (PPP) relative to the exchange rate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into India's relative price and productivity levels, which is relevant for evaluating 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 exchange rate data.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and investors analyzing India's economic performance and international trade dynamics.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some delay, and may be subject to revisions.
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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 India (PLGDPOINA670NRUG), retrieved from FRED.