Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Mali
PLGDPOMLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
-4.22%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Mali, adjusted for differences in purchasing power across countries. It provides insights into the relative cost of goods and services in Mali 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) is an important indicator for comparing the standard of living and economic activity across countries. It adjusts for differences in the cost of living and exchange rate fluctuations to give a more accurate representation of a country's economic output.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is used by economists and policymakers to assess Mali's economic competitiveness and purchasing power relative to its trading partners.
Key Facts
- Mali's price level of output-side real GDP was 37.4 in 2020.
- The trend has fluctuated between 35-40 over the past decade.
- A lower price level indicates lower relative costs in Mali.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Mali, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the relative cost of goods and services in Mali compared to other nations, which is important for assessing economic competitiveness and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Mali's economic competitiveness and purchasing power relative to its trading partners.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in the most recent observations.
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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 Mali (PLGDPOMLA670NRUG), retrieved from FRED.