Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Namibia
PLGDPONAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
-5.70%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Namibia, using current purchasing power parities and exchange rates. It provides insights into the relative purchasing power and cost of living in Namibia compared to other countries.
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 indicator of the relative cost of goods and services in Namibia compared to the global average. It is used to assess the affordability of Namibia's economy and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
This trend is valuable for policymakers, investors, and analysts comparing economic conditions and competitiveness across countries.
Key Facts
- Namibia's price level was 52.4% of the global average in 2020.
- The trend has fluctuated between 48-56% of the global average over the past decade.
- Namibia's relatively low price level indicates its goods and services are affordable compared to other countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Namibia, using current purchasing power parities and exchange rates. It provides insights into the relative purchasing power and cost of living in Namibia compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is valuable for policymakers, investors, and analysts comparing economic conditions and competitiveness across countries. It indicates the affordability of Namibia's economy and living standards relative to the global average.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and exchange rate data.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international organizations to assess the relative cost of living and competitiveness of Namibia's economy compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in reflecting the most recent economic conditions in Namibia.
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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 Namibia (PLGDPONAA670NRUG), retrieved from FRED.