Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Montenegro
PLGDPOMEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
4.46%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the price level of output-side real GDP in Montenegro, adjusted for differences in purchasing power across countries. It provides insights into the relative cost of goods and services in Montenegro 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 purchasing power parities (PPP) represents the price level of a country's GDP, taking into account differences in the cost of living and purchasing power across economies. This metric is useful for international comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using GDP volume measures and exchange rates.
Historical Context
Policymakers and analysts use this trend to evaluate Montenegro's economic competitiveness and living standards relative to other countries.
Key Facts
- Montenegro's price level of output-side real GDP was 57.31 in 2021.
- The trend has declined from a high of 69.31 in 2003.
- This indicator can be used to compare living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Montenegro, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for international comparisons of economic activity and living standards, as it provides insights into the relative cost of goods and services in Montenegro compared to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP volume measures and exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Montenegro's economic competitiveness and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays 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 Montenegro (PLGDPOMEA670NRUG), retrieved from FRED.