Purchasing Power Parity over GDP for Cote d`Ivoire
PPPTTLCIA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
370.78
Year-over-Year Change
-9.07%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Cote d'Ivoire measures the relative purchasing power of the Ivorian economy compared to the global average. This metric is important for economists and policymakers to assess the standard of living and international competitiveness of the Ivorian 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
Purchasing Power Parity (PPP) is an economic theory and measurement that compares different countries' currencies through a 'basket' of goods. The PPP over GDP ratio for Cote d'Ivoire represents how the country's output and standard of living compare to the global average.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
PPP ratios are used by analysts and institutions to gauge the relative strength of economies and living standards across countries.
Key Facts
- Cote d'Ivoire's PPP over GDP ratio was 0.618 in 2020.
- A ratio below 1 indicates the Ivorian economy has lower purchasing power than the global average.
- PPP data is used to make more accurate international economic comparisons.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP ratio for Cote d'Ivoire measures the relative purchasing power of the Ivorian economy compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: PPP ratios are important for assessing the standard of living and international competitiveness of economies, providing a more accurate comparison than using market exchange rates alone.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: PPP over GDP ratios are used by analysts and institutions to gauge the relative strength of economies and living standards across countries, informing economic policies and international comparisons.
Q: Are there update delays or limitations?
A: The PPP data may have update lags of a year or more due to the time required for price surveys and national accounts compilation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Cote d`Ivoire (PPPTTLCIA618NUPN), retrieved from FRED.