Purchasing Power Parity over GDP for Antigua and Barbuda
PPPTTLAGA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.13
Year-over-Year Change
7.21%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Purchasing Power Parity over GDP for Antigua and Barbuda' measures the relative purchasing power of the Antiguan and Barbudan economy compared to the global average. This metric is critical for assessing the nation's economic development and standard of living.
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
Purchasing power parity (PPP) is an economic theory that compares different countries' currencies through a 'basket' of goods. The PPP over GDP ratio shows how Antigua and Barbuda's purchasing power differs from the global average, providing insight into the real value of its economic output.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and analysts use this PPP ratio to evaluate Antigua and Barbuda's economic competitiveness and living standards relative to other nations.
Key Facts
- Antigua and Barbuda's PPP over GDP ratio was 0.75 in 2020.
- The nation's PPP ratio has fluctuated between 0.70-0.80 over the past decade.
- A PPP ratio below 1.0 indicates Antigua and Barbuda's prices are lower than the global average.
FAQs
Q: What does this economic trend measure?
A: The 'Purchasing Power Parity over GDP for Antigua and Barbuda' metric compares the purchasing power of the Antiguan and Barbudan economy to the global average.
Q: Why is this trend relevant for users or analysts?
A: This PPP ratio provides insight into Antigua and Barbuda's economic competitiveness and standard of living relative to other countries.
Q: How is this data collected or calculated?
A: The World Bank calculates this PPP over GDP ratio using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the PPP ratio to evaluate Antigua and Barbuda's economic development and competitiveness on the global stage.
Q: Are there update delays or limitations?
A: The PPP data is typically published with a 1-2 year lag due to the complex methodology and data collection process.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Antigua and Barbuda (PPPTTLAGA618NUPN), retrieved from FRED.