Purchasing Power Parity over GDP for Burundi
PPPTTLBIA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
410.87
Year-over-Year Change
69.82%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Burundi measures the relative purchasing power of the Burundian economy compared to the global average. This metric is crucial for economists and policymakers to assess Burundi's economic competitiveness and living standards.
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 estimates the relative purchasing power of different currencies based on their ability to buy the same basket of goods and services. The PPP over GDP ratio compares Burundi's PPP to its nominal GDP, providing insights into the country's cost of living and standard of living relative to the global average.
Methodology
The data is calculated by the World Bank using a range of price surveys and national accounts data.
Historical Context
Policymakers and analysts use this metric to evaluate Burundi's economic development and competitiveness in global markets.
Key Facts
- Burundi's PPP over GDP ratio was 0.302 in 2021.
- This indicates Burundi's cost of living is significantly lower than the global average.
- The ratio has declined from 0.405 in 2000, suggesting Burundi's living standards have improved over time.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Burundi measures the relative purchasing power of the Burundian economy compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess Burundi's economic competitiveness and living standards relative to the global average.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a range of price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Burundi's economic development and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in data availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Burundi (PPPTTLBIA618NUPN), retrieved from FRED.