Purchasing Power Parity over GDP for Madagascar
PPPTTLMGA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,052.13
Year-over-Year Change
141.88%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Madagascar measures the relative purchasing power of the Malagasy currency compared to the U.S. dollar. This metric is crucial for economists and policymakers to assess Madagascar's economic competitiveness and living standards.
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 Madagascar indicates how the country's standard of living and prices compare to the global average, providing valuable insights for trade, investment, and development policy.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Analysts and policymakers use Madagascar's PPP over GDP to gauge the nation's economic progress and competitiveness.
Key Facts
- Madagascar's PPP over GDP ratio was 0.618 in 2020.
- This indicates the Malagasy currency has significantly lower purchasing power than the U.S. dollar.
- The PPP metric is used to adjust GDP for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP for Madagascar measures the relative purchasing power of the Malagasy currency compared to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess Madagascar's economic competitiveness and living standards relative to the global average.
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 Madagascar's PPP over GDP to gauge the nation's economic progress and competitiveness, informing trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The PPP over GDP data has a lag of 1-2 years and may not fully capture rapid economic changes in Madagascar.
Related Trends
Purchasing Power Parity over GDP for Malta
PPPTTLMTA618NUPN
Purchasing Power Parity over GDP for Ghana
PPPTTLGHA618NUPN
Purchasing Power Parity over GDP for Tonga
PPPTTLTOA618NUPN
Purchasing Power Parity over GDP for Pakistan
PPPTTLPKA618NUPN
Purchasing Power Parity over GDP for Malaysia
PPPTTLMYA618NUPN
Purchasing Power Parity over GDP for Paraguay
PPPTTLPYA618NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Madagascar (PPPTTLMGA618NUPN), retrieved from FRED.