Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Saint Lucia
PLGDPOLCA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
9.35%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator tracks the price level of output-side real GDP in Saint Lucia, adjusting for differences in purchasing power across 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 (PPPs) represents the price level of a country's total economic output, taking into account differences in the cost of living compared to the United States.
Methodology
The data is calculated by the World Bank using a range of price and production data.
Historical Context
Economists and policymakers use this metric to compare the relative purchasing power and standard of living across countries.
Key Facts
- Saint Lucia's price level was 66.4% of the U.S. level in 2020.
- This metric adjusts for differences in the cost of living across countries.
- The data is calculated by the World Bank annually.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the price level of a country's total economic output, adjusting for differences in purchasing power compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: Comparing the price level of GDP across countries provides insights into relative living standards and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated annually by the World Bank using a range of price and production statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze and compare the relative standard of living and purchasing power across countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture rapid changes in exchange rates or purchasing power.
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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 Saint Lucia (PLGDPOLCA670NRUG), retrieved from FRED.