Purchasing Power Parity over GDP for Barbados
PPPTTLBBA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.93
Year-over-Year Change
12.97%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Barbados measures the country's relative purchasing power compared to the United States. This economic indicator is important for assessing a nation's standard of living 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
Purchasing Power Parity (PPP) is an economic theory that compares different countries' currencies through a 'basket' of goods. The PPP over GDP ratio for Barbados provides insight into the island nation's cost of living and productivity relative to the U.S.
Methodology
The data is calculated by the World Bank using price surveys and national accounts.
Historical Context
Economists and policymakers use this PPP ratio to make international comparisons and evaluate trade dynamics.
Key Facts
- Barbados' PPP over GDP ratio was 0.75 in 2020.
- The PPP ratio has remained relatively stable over the past decade.
- Barbados' high PPP reflects its developed economy and high standard of living.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP ratio for Barbados compares the island's cost of living and productivity to the United States.
Q: Why is this trend relevant for users or analysts?
A: The PPP ratio provides valuable insights into Barbados' standard of living and economic competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The World Bank calculates the PPP over GDP ratio using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze the PPP ratio to make international comparisons and evaluate trade dynamics.
Q: Are there update delays or limitations?
A: The PPP over GDP data for Barbados is published annually with a short delay.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Barbados (PPPTTLBBA618NUPN), retrieved from FRED.