Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Sri Lanka
PLGDPOLKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
11.85%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Sri Lanka, using current purchasing power parities (PPP) relative to the exchange rate. It provides insights into the country's cost of living and purchasing power compared to other nations.
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 is an important metric for evaluating a country's standard of living and international competitiveness. It compares the local price level to the exchange rate, offering a more comprehensive view of economic conditions than exchange rates alone.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and analysts use this trend to assess Sri Lanka's economic performance and development relative to its trading partners.
Key Facts
- Sri Lanka's price level was 42.4% of the U.S. level in 2021.
- The trend has declined from 50.6% in 2010, indicating growing purchasing power.
- PPP-adjusted GDP per capita in Sri Lanka was $12,800 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Sri Lanka, using current purchasing power parities (PPP) relative to the exchange rate. It provides insights into the country's cost of living and purchasing power compared to other nations.
Q: Why is this trend relevant for users or analysts?
A: The price level of output-side real GDP at current PPPs is an important metric for evaluating a country's standard of living and international competitiveness. It offers a more comprehensive view of economic conditions than exchange rates alone.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Sri Lanka's economic performance and development relative to its trading partners.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability.
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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 Sri Lanka (PLGDPOLKA670NRUG), retrieved from FRED.