Purchasing Power Parity over GDP for Bahrain
PPPTTLBHA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
-1.74%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Bahrain is an economic indicator that measures the relative purchasing power of the Bahraini dinar compared to the U.S. dollar, providing insights into the country's standard of living and international 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
This metric compares the price level of a basket of goods and services in Bahrain to the United States, adjusting for exchange rate differences. It is a useful tool for economists and policymakers to evaluate the real purchasing power of Bahrain's currency and assess its economic performance relative to other countries.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
Purchasing power parity is an important consideration for international trade, foreign investment, and economic policy decisions.
Key Facts
- Bahrain's PPP over GDP was 0.501 in 2020.
- A lower PPP ratio indicates lower purchasing power compared to the U.S.
- PPP is used to adjust GDP for cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Bahrain measures the relative purchasing power of the Bahraini dinar compared to the U.S. dollar, adjusting for differences in price levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Bahrain's standard of living, international competitiveness, and the real value of its currency compared to other economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and exchange rate information.
Q: How is this trend used in economic policy?
A: Purchasing power parity is a key consideration for international trade, foreign investment, and economic policy decisions.
Q: Are there update delays or limitations?
A: The data may have a delay of up to a year due to the time required for collection and calculation by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Bahrain (PPPTTLBHA618NUPN), retrieved from FRED.