Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Maldives
PLGDPOMVA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
102.69%
Date Range
1/1/1970 - 1/1/2019
Summary
This trend measures the purchasing power parity (PPP) adjusted price level of real GDP in Maldives, providing insight into the relative costs of goods and services in the country.
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 Maldives compares the purchasing power of the Maldivian rufiyaa to a global benchmark, shedding light on the country's relative cost of living and international competitiveness.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate information.
Historical Context
This metric is useful for economists and policymakers analyzing Maldives' economic performance and international trade position.
Key Facts
- Maldives' PPP-adjusted price level was 66.4 in 2020.
- A higher PPP price level indicates relatively higher domestic prices.
- Maldives' PPP price level has declined from a high of 71.4 in 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted price level of real GDP in Maldives, providing insight into the relative costs of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers analyzing Maldives' economic performance and international trade position by comparing the country's cost of living to global benchmarks.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and exchange rate information.
Q: How is this trend used in economic policy?
A: This PPP-adjusted price level metric is used to assess Maldives' international competitiveness and inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term price fluctuations.
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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 Maldives (PLGDPOMVA670NRUG), retrieved from FRED.