Purchasing Power Parity over GDP for Cape Verde
PPPTTLCVA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.46
Year-over-Year Change
-10.29%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Cape Verde measures the country's price level relative to the United States, providing insights into its economic competitiveness and standard of living.
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 compares the purchasing power of the Cape Verdean escudo to the U.S. dollar, adjusting for differences in price levels between the two economies. It offers a more accurate assessment of Cape Verde's economic performance and development compared to using nominal exchange rates alone.
Methodology
The data is calculated by the World Bank based on national accounts and price surveys.
Historical Context
Policymakers and analysts use this metric to evaluate Cape Verde's international trade position and cost of living for residents and expatriates.
Key Facts
- Cape Verde's 2020 PPP over GDP was 0.618.
- PPP adjusts for price level differences between countries.
- Higher PPP indicates greater purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Cape Verde measures the country's price level relative to the United States, providing insights into its economic competitiveness and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a more accurate assessment of Cape Verde's economic performance and development compared to using nominal exchange rates alone, which is relevant for policymakers, businesses, and individuals evaluating the country's cost of living and international trade position.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and price surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Cape Verde's international trade position and cost of living for residents and expatriates.
Q: Are there update delays or limitations?
A: The data is subject to the World Bank's publication schedule and may have some time lags compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Cape Verde (PPPTTLCVA618NUPN), retrieved from FRED.