Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Saint Vincent and the Grenadines
PLGDPOVCA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
-7.12%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the price level of real GDP in Saint Vincent and the Grenadines adjusted for purchasing power parity. It provides insights into the country's relative price levels and economic 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) compares the price level of goods and services in Saint Vincent and the Grenadines to the global average, using the exchange rate to adjust for differences in purchasing power. This metric is useful for analyzing the country's standard of living and international trade competitiveness.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
Policymakers and international organizations use this metric to evaluate a country's economic development and competitiveness.
Key Facts
- Saint Vincent and the Grenadines' price level was 57.3% of the global average in 2020.
- The country's price level has remained relatively stable over the past decade.
- Comparing price levels is important for assessing a country's standard of living and trade competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of real GDP in Saint Vincent and the Grenadines, adjusting for differences in purchasing power compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the country's standard of living and international trade competitiveness, which are important for policymakers and economists.
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: Policymakers and international organizations use this metric to evaluate a country's economic development and competitiveness.
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 Saint Vincent and the Grenadines (PLGDPOVCA670NRUG), retrieved from FRED.