Purchasing Power Parity over GDP for Spain
PPPTTLESA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
11.16%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Purchasing Power Parity over GDP for Spain' trend measures the ratio of Spain's purchasing power parity to its nominal GDP, providing insights into the country's economic competitiveness and living standards.
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 cost of a standardized basket of goods and services in Spain to the cost in the United States, adjusting for exchange rate differences. It is a valuable indicator of Spain's relative price levels and can inform assessments of the Spanish economy's global competitiveness.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and analysts use this trend to evaluate Spain's economic position and potential for growth or adjustment.
Key Facts
- Spain's PPP/GDP ratio was 0.89 in 2021.
- The ratio has remained relatively stable over the past decade.
- A higher ratio indicates higher living standards and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'Purchasing Power Parity over GDP for Spain' trend measures the ratio of Spain's purchasing power parity to its nominal GDP, providing insights into the country's economic competitiveness and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for evaluating Spain's economic position, price levels, and global competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Spain's economic position and potential for growth or adjustment.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Spain (PPPTTLESA618NUPN), retrieved from FRED.