Purchasing Power Parity over GDP for Philippines
PPPTTLPHA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.06
Year-over-Year Change
32.76%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Philippines measures the relative purchasing power of the Philippine peso compared to the U.S. dollar, providing insights into the country's economic development and standard of living.
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 estimates the relative value of currencies based on their purchasing power within their respective domestic markets. The PPP over GDP for Philippines compares the Philippine peso's purchasing power to the U.S. dollar, offering a more accurate assessment of the country's economic performance and living standards.
Methodology
The data is calculated by the World Bank using survey data on prices and consumption patterns.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic development and make informed decisions.
Key Facts
- The Philippines' PPP over GDP was 0.501 in 2020.
- PPP adjusts for differences in the cost of living between countries.
- Higher PPP values indicate a higher standard of living in the Philippines.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Philippines measures the relative purchasing power of the Philippine peso compared to the U.S. dollar, providing insights into the country's economic development and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic development and make informed decisions about the Philippines' economic performance and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using survey data on prices and consumption patterns.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international institutions to assess the Philippines' economic development, guide policy decisions, and make comparisons to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in the most recent updates.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Philippines (PPPTTLPHA618NUPN), retrieved from FRED.