Purchasing Power Parity over GDP for Cyprus
PPPTTLCYA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
6.23%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Cyprus measures the country's relative purchasing power compared to the United States. This metric is crucial for economists and policymakers to assess economic competitiveness and make international comparisons.
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 measures the relative purchasing power of different currencies over the same basket of goods. The PPP over GDP ratio for Cyprus provides insights into the country'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 national accounts data.
Historical Context
Policymakers use this metric to evaluate trade imbalances, competitiveness, and the real exchange rate.
Key Facts
- Cyprus' PPP over GDP ratio was 0.83 in 2021.
- A higher PPP ratio indicates a higher cost of living in a country.
- PPP data allows for better international income and growth comparisons.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Cyprus measures the country's purchasing power relative to the United States, providing insights into its standard of living and cost of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating a country's economic competitiveness, trade imbalances, and real exchange rate, which are important considerations for economists, policymakers, and international investors.
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: Policymakers use this metric to assess a country's economic performance, competitiveness, and cost-of-living relative to other countries, which informs decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to a year or more in the most recent figures.
Related Trends
Purchasing Power Parity over GDP for Malta
PPPTTLMTA618NUPN
Purchasing Power Parity over GDP for Romania
PPPTTLROA618NUPN
Purchasing Power Parity over GDP for the Gambia
PPPTTLGMA618NUPN
Purchasing Power Parity over GDP for Italy
PPPTTLITA618NUPN
Purchasing Power Parity over GDP for Israel
PPPTTLILA618NUPN
Purchasing Power Parity over GDP for Seychelles
PPPTTLSCA618NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Cyprus (PPPTTLCYA618NUPN), retrieved from FRED.