Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Nepal
PLGDPONPA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
13.59%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Nepal, adjusted for purchasing power parity (PPP) relative to the exchange rate. It provides insights into the relative cost of goods and services in Nepal 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 is an important indicator for assessing the standard of living and competitiveness of an economy. It compares the purchasing power of a country's currency to the exchange rate, offering a more accurate picture of economic conditions.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
This trend is widely used by economists, policymakers, and investors to evaluate Nepal's economic performance and international competitiveness.
Key Facts
- Nepal's price level of output-side real GDP was 23.4 in 2020.
- The trend has fluctuated between 20 and 25 over the past decade.
- A higher value indicates Nepal's goods and services are relatively cheaper compared to the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Nepal, adjusted for purchasing power parity (PPP) relative to the exchange rate. It provides insights into the relative cost of goods and services in Nepal compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for assessing the standard of living and international competitiveness of the Nepalese economy. It offers a more accurate picture of economic conditions than exchange rates alone.
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 widely used by economists, policymakers, and investors to evaluate Nepal's economic performance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually 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 Nepal (PLGDPONPA670NRUG), retrieved from FRED.