Purchasing Power Parity over GDP for Republic of Congo
PPPTTLCGA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
492.08
Year-over-Year Change
17.06%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Republic of Congo (PPP over GDP) measures the relative purchasing power of the Congolese franc compared to the U.S. dollar. It is a key metric for assessing the standard of living and international competitiveness of the Congolese economy.
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
The PPP over GDP ratio compares the real purchasing power of the Congolese franc to the U.S. dollar, adjusting for differences in price levels between the two countries. This provides a more accurate representation of the Congolese standard of living and ability to purchase goods and services compared to simple exchange rate comparisons.
Methodology
The data is calculated by the World Bank using detailed price surveys and national accounts data.
Historical Context
Policymakers and analysts use this metric to evaluate the international competitiveness of the Congolese economy and make informed decisions about trade, investment, and development policies.
Key Facts
- The PPP over GDP ratio for Congo was 0.405 in 2021.
- This indicates the Congolese franc has significantly lower purchasing power compared to the U.S. dollar.
- The gap between Congo's PPP and market exchange rates suggests potential for economic growth and improved living standards.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP (PPP over GDP) for the Republic of Congo measures the relative purchasing power of the Congolese franc 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 provides a more accurate representation of the Congolese standard of living and international competitiveness compared to simple exchange rate comparisons. It is crucial for policymakers and analysts evaluating the Congolese economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using detailed price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the PPP over GDP ratio to evaluate the international competitiveness of the Congolese economy and make informed decisions about trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Republic of Congo (PPPTTLCGA618NUPN), retrieved from FRED.