Purchasing Power Parity over GDP for Netherlands
PPPTTLNLA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.82
Year-over-Year Change
-1.19%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Purchasing Power Parity over GDP for Netherlands' measures the ratio of a country's purchasing power parity (PPP) to its nominal exchange rate-based GDP. This metric is useful for economists and policymakers in assessing a country's economic competitiveness and living standards relative to other nations.
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
The purchasing power parity (PPP) exchange rate is the rate at which the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in each country. Comparing a country's PPP to its nominal GDP can reveal insights about its relative cost of living and standard of living.
Methodology
The data is calculated by the World Bank using household consumption surveys and other sources.
Historical Context
This metric can help inform trade, investment, and economic policy decisions.
Key Facts
- The Netherlands had a PPP/GDP ratio of 0.94 in 2021.
- A PPP/GDP ratio above 1 indicates a country's goods and services are relatively inexpensive.
- The Netherlands' ratio suggests its cost of living is slightly higher than global averages.
FAQs
Q: What does this economic trend measure?
A: The 'Purchasing Power Parity over GDP for Netherlands' measures the ratio of the country's purchasing power parity (PPP) to its nominal GDP. This reveals insights about the Netherlands' relative cost of living and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers in assessing a country's economic competitiveness and living standards compared to other nations. It can inform trade, investment, and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption surveys and other sources.
Q: How is this trend used in economic policy?
A: This metric can help inform trade, investment, and economic policy decisions by providing insights into a country's relative cost of living and standard of living.
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.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Netherlands (PPPTTLNLA618NUPN), retrieved from FRED.