Purchasing Power Parity over GDP for Costa Rica
PPPTTLCRA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
320.96
Year-over-Year Change
162.91%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Costa Rica measures the country's relative purchasing power compared to the United States. This metric is important for economists and policymakers to understand Costa Rica's economic development and international competitiveness.
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) compares the cost of a standardized basket of goods and services across countries, adjusting for exchange rate differences. The PPP over GDP ratio indicates how a country's exchange rate compares to the purchasing power of its economy.
Methodology
This data is calculated by the World Bank using surveys and other sources to measure prices across countries.
Historical Context
PPP is widely used by international organizations and governments to evaluate economic performance and living standards.
Key Facts
- Costa Rica's PPP over GDP ratio was 0.618 in 2020.
- A higher PPP ratio indicates a country's currency has more purchasing power.
- Tracking PPP is crucial for analyzing a country's standard of living and trade flows.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP ratio measures the purchasing power of Costa Rica's currency relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Costa Rica's economic development, living standards, and international competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The World Bank calculates PPP over GDP using surveys and other sources to measure and compare prices across countries.
Q: How is this trend used in economic policy?
A: Governments and international organizations use PPP to assess economic performance, living standards, and trade flows.
Q: Are there update delays or limitations?
A: The PPP over GDP data has a lag, as the World Bank requires time to collect and process the underlying price data.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Costa Rica (PPPTTLCRA618NUPN), retrieved from FRED.