Purchasing Power Parity over GDP for Guinea-Bissau
PPPTTLGWA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
268.57
Year-over-Year Change
-5.52%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Guinea-Bissau measures the relative purchasing power of the country's currency compared to the U.S. dollar. This provides insight into the standard of living and international competitiveness of the Guinean 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. The PPP over GDP ratio for Guinea-Bissau reflects how affordable the country's goods and services are relative to the U.S.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers and investors use this metric to assess Guinea-Bissau's economic development and trade potential.
Key Facts
- Guinea-Bissau's PPP over GDP ratio was 0.36 in 2021.
- This indicates the local currency has relatively low purchasing power compared to the U.S. dollar.
- The ratio has declined from 0.47 in 2010, suggesting eroding competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Guinea-Bissau measures the relative purchasing power of the country's currency compared to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the standard of living and international competitiveness of the Guinean economy, which is useful for policymakers and 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 and investors use this metric to assess Guinea-Bissau's economic development and trade potential.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Guinea-Bissau (PPPTTLGWA618NUPN), retrieved from FRED.