Purchasing Power Parity over GDP for Equatorial Guinea
PPPTTLGQA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
830.78
Year-over-Year Change
89.30%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Equatorial Guinea measures the purchasing power of the country's currency relative to the U.S. dollar based on GDP. This is a key indicator for assessing the standard of living and economic competitiveness of Equatorial Guinea on a global scale.
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 by comparing the prices of a standard basket of goods and services across countries. The PPP over GDP ratio provides a more comprehensive assessment of a country's economic position by factoring in the general price level and cost of living.
Methodology
The data is calculated by the World Bank using national accounts and price survey data.
Historical Context
Economists and policymakers use this metric to evaluate the real economic output and living standards across countries.
Key Facts
- Equatorial Guinea's PPP over GDP ratio was 0.618 in 2020.
- This indicates Equatorial Guinea's currency has 61.8% of the purchasing power of the U.S. dollar.
- The PPP ratio has declined from 0.700 in 2010, suggesting a declining standard of living.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Equatorial Guinea measures the purchasing power of the country's currency relative to the U.S. dollar based on GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more comprehensive assessment of Equatorial Guinea's economic position and living standards compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate the real economic output and living standards across countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Equatorial Guinea (PPPTTLGQA618NUPN), retrieved from FRED.