Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for New Zealand
PLGDPONZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.04
Year-over-Year Change
5.19%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of real GDP in New Zealand, adjusting for purchasing power parity and exchange rates. It provides insights into the country's relative price levels and 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) is an indicator of a country's cost of living and overall price levels compared to other economies. It can inform assessments of a nation's standard of living and international trade dynamics.
Methodology
The data is calculated by the World Bank using GDP and exchange rate data.
Historical Context
Policymakers and analysts use this metric to evaluate New Zealand's economic performance and competitiveness.
Key Facts
- New Zealand's price level was 57.3% of the U.S. level in 2021.
- The metric has remained relatively stable over the past decade.
- It can indicate a country's cost competitiveness for exports and imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of real GDP in New Zealand, adjusting for differences in purchasing power and exchange rates compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into New Zealand's cost of living and price competitiveness, which are important factors for evaluating the country's economic performance and trade dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess New Zealand's economic competitiveness and inform decisions related to trade, investment, and standards of living.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year.
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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 New Zealand (PLGDPONZA670NRUG), retrieved from FRED.