Purchasing Power Parity over GDP for Sri Lanka
PPPTTLLKA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.40
Year-over-Year Change
129.01%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Sri Lanka measures the relative strength of the Sri Lankan rupee compared to the U.S. dollar, adjusting for differences in the cost of living between the two countries.
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
This metric represents the real exchange rate between the Sri Lankan rupee and the U.S. dollar, providing insight into the relative purchasing power of the two currencies. It is used by economists and policymakers to assess the competitiveness of Sri Lanka's economy and make informed decisions about trade, investment, and economic policy.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Purchasing power parity is a key indicator for evaluating international trade balances and capital flows.
Key Facts
- Sri Lanka's PPP over GDP was 0.503 in 2021.
- This indicates the Sri Lankan rupee is undervalued compared to the U.S. dollar.
- 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 Sri Lanka measures the relative purchasing power of the Sri Lankan rupee compared to the U.S. dollar, adjusting for differences in the cost of living between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the competitiveness of Sri Lanka's economy and is used by economists and policymakers to make informed decisions about trade, investment, and economic policy.
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: Purchasing power parity is a key indicator for evaluating international trade balances and capital flows, which are important considerations for economic and monetary policy decisions.
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 before the most recent figures are available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Sri Lanka (PPPTTLLKA618NUPN), retrieved from FRED.