Purchasing Power Parity over GDP for Mozambique
PPPTTLMZA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.74
Year-over-Year Change
104.57%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Mozambique measures the relative purchasing power of the Mozambican economy compared to the global average. This metric is important for economists and policymakers to assess Mozambique's economic development and international competitiveness.
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' approach to determine the relative purchasing power of the currencies. The PPP over GDP ratio for Mozambique specifically looks at this purchasing power metric in relation to the country's overall economic output.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and analysts use this PPP over GDP metric to gauge Mozambique's economic standing and integration within the global economy.
Key Facts
- Mozambique's PPP over GDP ratio was 0.618 in 2018.
- A higher PPP over GDP ratio indicates greater purchasing power within the domestic economy.
- Mozambique's ratio has declined from 0.648 in 2010, suggesting decreasing domestic purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP for Mozambique measures the relative purchasing power of the Mozambican economy compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess Mozambique's economic development and international competitiveness.
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 PPP over GDP metric to gauge Mozambique's economic standing and integration within the global economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Mozambique (PPPTTLMZA618NUPN), retrieved from FRED.