Purchasing Power Parity over GDP for Namibia
PPPTTLNAA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.74
Year-over-Year Change
70.99%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Namibia measures the relative purchasing power of the Namibian economy compared to the United States. It is a key indicator of the cost of living and economic development in Namibia.
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 measures the relative purchasing power of different currencies over the same basket of goods. The PPP over GDP ratio compares Namibia's GDP based on PPP to its nominal GDP, providing insight into the country's standard of living and international competitiveness.
Methodology
The data is calculated by the World Bank using price surveys and national accounts.
Historical Context
Policymakers and economists use this metric to assess Namibia's economic performance and make international comparisons.
Key Facts
- Namibia's PPP over GDP ratio was 0.618 in 2021.
- This indicates Namibia's living standards are lower than the U.S.
- The ratio has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Namibia measures the relative purchasing power of the Namibian economy compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Namibia's standard of living and international competitiveness, making it relevant for policymakers and economists analyzing the Namibian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Namibia's economic performance and make international comparisons.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of up to 2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Namibia (PPPTTLNAA618NUPN), retrieved from FRED.