Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Zimbabwe
PLGDPOZWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
37.87%
Date Range
1/1/1954 - 1/1/2019
Summary
This trend measures the purchasing power parity-adjusted real GDP price level for Zimbabwe, providing insights into the country's relative economic productivity and development.
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 output-side real GDP at current purchasing power parities (PPP) compares the price level of goods and services in Zimbabwe to the global average, enabling cross-country analysis of economic output and living standards.
Methodology
The data is calculated by the World Bank using exchange rate and price information.
Historical Context
Policymakers and analysts use this metric to assess Zimbabwe's economic competitiveness and living standards relative to other nations.
Key Facts
- Zimbabwe's 2021 PPP-adjusted real GDP price level was 0.36 (global average = 1).
- Zimbabwe's price level is low compared to advanced economies, indicating relatively low living standards.
- The PPP-adjusted real GDP metric enables apples-to-apples comparisons of economic output across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP)-adjusted price level of Zimbabwe's real GDP, which reflects the country's relative economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted real GDP price level is important for assessing Zimbabwe's economic competitiveness and comparing its living standards to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rate and price information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Zimbabwe's economic performance and relative living standards compared to other nations.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid changes in Zimbabwe's economy.
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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 Zimbabwe (PLGDPOZWA670NRUG), retrieved from FRED.