Purchasing Power Parity over GDP for Bhutan
PPPTTLBTA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.72
Year-over-Year Change
48.30%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Bhutan measures the relative purchasing power of the Bhutanese ngultrum compared to the U.S. dollar, which is useful for analyzing Bhutan'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
This metric represents the ratio of Bhutan's GDP at purchasing power parity to its GDP at market exchange rates. It provides insight into the real value of Bhutan's economy and can be used to compare living standards between Bhutan and other countries.
Methodology
The data is calculated by the World Bank using market exchange rates and price level ratios.
Historical Context
Policymakers and analysts use this metric to evaluate Bhutan's economic performance and competitiveness.
Key Facts
- Bhutan's PPP over GDP ratio was 1.72 in 2020.
- This indicates Bhutan's currency has higher purchasing power than the U.S. dollar.
- The ratio has increased over time, reflecting Bhutan's economic development.
FAQs
Q: What does this economic trend measure?
A: This metric measures the ratio of Bhutan's GDP at purchasing power parity to its GDP at market exchange rates, providing insight into the real value of Bhutan's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for analyzing Bhutan's economic competitiveness and living standards compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using market exchange rates and price level ratios.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Bhutan's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Bhutan (PPPTTLBTA618NUPN), retrieved from FRED.