Purchasing Power Parity over GDP for Central African Republic
PPPTTLCFA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
300.30
Year-over-Year Change
-1.56%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Central African Republic measures the country's economic output adjusted for differences in prices compared to the United States. This metric is crucial for assessing the real purchasing power and living standards of Central Africans.
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 adjusts exchange rates to equalize the purchasing power of different currencies. The PPP over GDP ratio for Central African Republic compares its economic output on a PPP basis to its nominal GDP, providing insights into the nation's standard of living and cost of living relative to the U.S.
Methodology
The data is calculated by the World Bank using price surveys and econometric models.
Historical Context
Policymakers and economists use PPP-adjusted GDP data to make more accurate international comparisons and assessments of living standards.
Key Facts
- Central African Republic's PPP-adjusted GDP was 84% of its nominal GDP in 2021.
- This indicates a lower cost of living compared to the U.S.
- The PPP metric is important for assessing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Central African Republic measures the country's economic output adjusted for differences in prices compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the real purchasing power and living standards of Central Africans, enabling more accurate international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and econometric models.
Q: How is this trend used in economic policy?
A: Policymakers and economists use PPP-adjusted GDP data to make more accurate assessments of living standards and cost of living across countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Central African Republic (PPPTTLCFA618NUPN), retrieved from FRED.