Purchasing Power Parity over GDP for Poland
PPPTTLPLA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.94
Year-over-Year Change
11.09%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Poland is an economic indicator that measures the relative purchasing power of the Polish currency compared to the U.S. dollar. It provides insights into the standard of living and cost of goods in Poland.
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
This metric compares the purchasing power of the Polish zloty to the U.S. dollar, adjusting for differences in price levels between the two countries. It is used to evaluate the relative standard of living and cost of living in Poland compared to the United States.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers and analysts use this metric to assess Poland's economic competitiveness and the affordability of goods for Polish consumers.
Key Facts
- Poland's Purchasing Power Parity over GDP was 0.618 in 2021.
- This indicates Poland's cost of living is about 38% lower than the U.S.
- The metric has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Poland measures the relative purchasing power of the Polish zloty compared to the U.S. dollar, adjusting for differences in price levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the standard of living and cost of goods in Poland relative to the United States, which is useful for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Poland's economic competitiveness and the affordability of goods for Polish consumers.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a short delay, and may not capture rapid, short-term changes in purchasing power.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Poland (PPPTTLPLA618NUPN), retrieved from FRED.