Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Islamic Republic of Iran
PLGDPOIRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
101.76%
Date Range
1/1/1955 - 1/1/2019
Summary
This economic trend measures the purchasing power parity-adjusted price level of real GDP for Iran, providing insights into the country's relative cost of living and economic productivity.
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 Iran to the global average, adjusting for fluctuations in the exchange rate. This metric is useful for analyzing Iran's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and analysts use this trend to evaluate Iran's economic performance and living standards relative to other countries.
Key Facts
- Iran's price level was 49.4% of the global average in 2021.
- This metric has increased from 36.7% in 2000, indicating rising domestic prices.
- The trend provides insights into Iran's cost of living and economic productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted price level of real GDP for Iran, comparing the country's cost of living to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for evaluating Iran's economic development, competitiveness, and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Iran's economic performance and make informed decisions about trade, investment, and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability.
Related Trends
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Colombia
PLGDPOCOA670NRUG
Exchange Rate (market+estimated) for Saint Lucia
XRNCUSLCA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Estonia
PLGDPOEEA670NRUG
Exchange Rate (market+estimated) for Bermuda
XRNCUSBMA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Latvia
PLGDPOLVA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Tajikistan
PLGDPOTJA670NRUG
Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Islamic Republic of Iran (PLGDPOIRA670NRUG), retrieved from FRED.