Purchasing Power Parity over GDP for Ethiopia
PPPTTLETA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.22
Year-over-Year Change
101.39%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Ethiopia measures the ratio of Ethiopia's GDP at purchasing power parity to its GDP at market exchange rates. This important economic indicator provides insights into the relative purchasing power and standard of living in Ethiopia compared to other countries.
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 adjusts exchange rates to equalize the purchasing power of different currencies, providing a more accurate comparison of economic output and living standards across countries. The PPP over GDP ratio for Ethiopia is a key metric used by economists and policymakers to evaluate the country's economic development.
Methodology
The data is calculated by the World Bank using GDP and exchange rate data.
Historical Context
Analysts and institutions use this metric to assess Ethiopia's economic competitiveness and living standards relative to other nations.
Key Facts
- Ethiopia's PPP over GDP ratio was 0.618 in 2020.
- This indicates Ethiopia's GDP at purchasing power parity was 61.8% of its GDP at market exchange rates.
- The PPP over GDP ratio provides a more accurate picture of living standards in Ethiopia compared to using market exchange rates alone.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Ethiopia measures the ratio of the country's GDP calculated at purchasing power parity to its GDP calculated at market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the relative purchasing power and standard of living in Ethiopia compared to other countries, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and exchange rate data.
Q: How is this trend used in economic policy?
A: Analysts and institutions use this metric to assess Ethiopia's economic competitiveness and living standards relative to other nations, which informs economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year before the most recent information is available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Ethiopia (PPPTTLETA618NUPN), retrieved from FRED.