Purchasing Power Parity over GDP for Croatia
PPPTTLHRA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.35
Year-over-Year Change
10.12%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Croatia measures the purchasing power of the Croatian currency relative to the United States dollar. This metric is crucial for economists and policymakers to assess the competitiveness of Croatia's 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 and measurement that compares different countries' currencies through a 'basket' of goods. The PPP over GDP ratio for Croatia provides insights into the standard of living and productivity levels in the country compared to the U.S.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Analysts and policymakers use this PPP ratio to evaluate Croatia's economic performance and make informed decisions.
Key Facts
- Croatia's PPP over GDP ratio was 0.61 in 2021.
- The ratio has remained relatively stable over the past decade.
- PPP measures are used to compare living standards across countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Croatia measures the purchasing power of the Croatian currency relative to the U.S. dollar, providing insights into the country's standard of living and economic productivity.
Q: Why is this trend relevant for users or analysts?
A: This PPP ratio is crucial for economists and policymakers to assess the competitiveness of Croatia's economy and make informed decisions about economic policies and trade.
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: Analysts and policymakers use this PPP ratio to evaluate Croatia's economic performance and make informed decisions about economic policies, trade, and investment.
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 in the most recent data.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Croatia (PPPTTLHRA618NUPN), retrieved from FRED.