Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Madagascar
PLGDPOMGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
11.14%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the price level of output-side real GDP in Madagascar, adjusted for purchasing power parity (PPP) relative to the exchange rate. It provides insights into the country's cost of living and economic competitiveness.
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/exchange rate) for Madagascar is an important metric for evaluating the country's economic development and international trade position. It compares the purchasing power of the local currency to the exchange rate, offering a more accurate assessment of living standards and trade imbalances.
Methodology
The data is calculated by the World Bank using GDP estimates and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze Madagascar's economic performance and competitiveness.
Key Facts
- Madagascar's price level of output-side real GDP at current PPP was 0.302 in 2020.
- This indicates Madagascar's cost of living is significantly lower than the global average.
- The PPP-adjusted GDP per capita in Madagascar was $1,700 in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the price level of output-side real GDP in Madagascar, adjusting for differences in purchasing power parity (PPP) relative to the exchange rate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Madagascar's cost of living, economic competitiveness, and trade dynamics compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP estimates and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to analyze Madagascar's economic performance, living standards, and international trade position.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, and may be subject to revisions over time.
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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 Madagascar (PLGDPOMGA670NRUG), retrieved from FRED.