Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Panama
PLGDPOPAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
21.24%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Panama, adjusted for differences in purchasing power between Panama and the United States. It provides insights into the relative cost of goods and services in the Panamanian economy.
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 compares the purchasing power of the Panamanian economy to that of the United States. This metric is used by economists to analyze the competitiveness and living standards of Panama relative to the U.S.
Methodology
The data is calculated by the World Bank using a range of price and income data.
Historical Context
This trend is relevant for policymakers and analysts assessing Panama's economic performance and international competitiveness.
Key Facts
- Panama's price level was 53.7% of the U.S. level in 2021.
- This metric has increased from 50.6% in 2016, indicating rising costs in Panama.
- The price level trend reflects Panama's economic development and integration with global markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Panama, adjusted for differences in purchasing power between Panama and the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative cost of goods and services in the Panamanian economy, which is useful for analyzing its competitiveness and living standards compared to the U.S.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a range of price and income data.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing Panama's economic performance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank.
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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 Panama (PLGDPOPAA670NRUG), retrieved from FRED.