Purchasing Power Parity over GDP for Honduras
PPPTTLHNA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.58
Year-over-Year Change
87.60%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Honduras measures the ratio of a country's purchasing power parity to its nominal GDP. This provides insight into a country's standard of living and economic competitiveness.
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) adjusts exchange rates to account for differences in the cost of living between countries. Comparing a country's PPP to its nominal GDP gives economists a gauge of its relative standard of living and international trade dynamics.
Methodology
The data is calculated by the World Bank using nationally representative household surveys and price data.
Historical Context
Policymakers and analysts use this metric to evaluate a country's economic development and competitiveness in global markets.
Key Facts
- Honduras' PPP over GDP ratio was 0.58 in 2021.
- A higher PPP over GDP indicates a country has a higher cost of living.
- Comparing PPP to GDP helps assess a country's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This metric measures the ratio of a country's purchasing power parity (PPP) to its nominal GDP. It provides insight into the country's relative standard of living and trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: Comparing a country's PPP to its GDP gives economists a gauge of its economic development and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using nationally representative household surveys and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate a country's standard of living and trade dynamics to inform economic development strategies.
Q: Are there update delays or limitations?
A: This data is published annually by the World Bank with a lag of about one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Honduras (PPPTTLHNA618NUPN), retrieved from FRED.