Purchasing Power Parity over GDP for Federated States of Micronesia
PPPTTLFMA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
-7.42%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Federated States of Micronesia measures the relative purchasing power of the Micronesian economy compared to the global average. This indicator is important for economists and policymakers to assess the standard of living and international competitiveness of the Micronesian economy.
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 compares different countries' currencies through a 'basket of goods' approach. The PPP over GDP metric specifically looks at the PPP-adjusted GDP, providing insight into the real size and purchasing power of the Micronesian economy relative to other countries.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and international institutions use PPP data to make more accurate cross-country comparisons and assessments.
Key Facts
- Micronesia's PPP-adjusted GDP was 0.00178 in 2018.
- This indicates Micronesia's economy has low purchasing power compared to the global average.
- PPP data helps adjust for cost-of-living differences between countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Federated States of Micronesia measures the relative purchasing power of the Micronesian economy compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the real size and standard of living of the Micronesian economy, which is important for international comparisons and policy assessments.
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 international institutions use PPP data to make more accurate cross-country comparisons and assessments.
Q: Are there update delays or limitations?
A: The data may have update delays due to the complex methodology and reliance on national statistical agencies.
Related Trends
Purchasing Power Parity over GDP for Ghana
PPPTTLGHA618NUPN
Purchasing Power Parity over GDP for Russia
PPPTTLRUA618NUPN
Purchasing Power Parity over GDP for Honduras
PPPTTLHNA618NUPN
Purchasing Power Parity over GDP for Panama
PPPTTLPAA618NUPN
Purchasing Power Parity over GDP for Equatorial Guinea
PPPTTLGQA618NUPN
Purchasing Power Parity over GDP for Netherlands
PPPTTLNLA618NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Federated States of Micronesia (PPPTTLFMA618NUPN), retrieved from FRED.