Purchasing Power Parity over GDP for Macao
PPPTTLMOA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.23
Year-over-Year Change
-1.91%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Purchasing Power Parity over GDP for Macao' metric measures the ratio of Macao's GDP converted to international dollars using purchasing power parity (PPP) rates to Macao's GDP in national currency units. This provides insights into the real purchasing power of Macao'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 that compares different countries' currencies through a 'basket of goods' approach. The PPP over GDP ratio for Macao shows how the country's economic output and living standards compare to the global average when factoring in local price levels.
Methodology
The data is calculated by the World Bank using exchange rates and price surveys.
Historical Context
Policymakers and analysts use this metric to assess Macao's economic competitiveness and living standards relative to other countries.
Key Facts
- Macao's PPP over GDP ratio was 1.02 in 2021.
- This indicates Macao's GDP per capita is 2% higher than the global average when adjusted for local prices.
- Macao has one of the highest PPP over GDP ratios among developed economies.
FAQs
Q: What does this economic trend measure?
A: The 'Purchasing Power Parity over GDP for Macao' metric measures the ratio of Macao's GDP converted to international dollars using purchasing power parity (PPP) rates to Macao's GDP in national currency units.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the real purchasing power and living standards of Macao's economy compared to the global average, which is useful for policymakers and analysts assessing the country's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Macao's economic competitiveness and living standards relative to other countries, which informs decision-making on trade, investment, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Macao (PPPTTLMOA618NUPN), retrieved from FRED.