Purchasing Power Parity over GDP for Moldova
PPPTTLMDA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.73
Year-over-Year Change
288.03%
Date Range
1/1/1992 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Moldova is an economic indicator that measures the purchasing power of the Moldovan economy relative to the global average. It is an important metric for assessing the country's economic performance and standard of living.
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 a method of measuring and comparing economic productivity and standards of living across countries. The PPP over GDP ratio for Moldova compares the country's GDP adjusted for differences in purchasing power to its nominal GDP, providing insights into the true economic size and living standards in Moldova.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and analysts use this metric to gauge Moldova's economic competitiveness and the real purchasing power of its citizens.
Key Facts
- Moldova's PPP over GDP ratio was 0.31 in 2021.
- This indicates Moldova's GDP at PPP was 31% of its nominal GDP.
- A low PPP ratio suggests relatively low living standards in Moldova.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP for Moldova measures the purchasing power of the Moldovan economy relative to the global average. It compares the country's GDP adjusted for differences in purchasing power to its nominal GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Moldova's economic competitiveness and the real purchasing power of its citizens, which is crucial for assessing the country's standard of living and economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge Moldova's economic competitiveness and the real purchasing power of its citizens, which informs policy decisions and economic assessments.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying price surveys and national accounts information used in the calculations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Moldova (PPPTTLMDA618NUPN), retrieved from FRED.