Purchasing Power Parity over GDP for Portugal
PPPTTLPTA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.71
Year-over-Year Change
3.32%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Portugal measures the relative purchasing power of the Portuguese economy compared to other countries. This metric is crucial for assessing economic competitiveness and living standards.
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 technique that estimates the relative purchasing power of different currencies based on the prices of goods and services. The PPP over GDP ratio for Portugal provides insights into the country's economic productivity and standard of living compared to the global average.
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 evaluate Portugal's economic performance and competitiveness.
Key Facts
- Portugal's PPP over GDP ratio was 0.618 in 2020.
- This ratio has remained relatively stable over the past decade.
- Portugal's PPP over GDP is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Portugal measures the relative purchasing power of the Portuguese economy compared to other countries. It provides insights into Portugal's economic productivity and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing a country's economic competitiveness and the relative purchasing power of its citizens. It helps policymakers and analysts evaluate Portugal's economic performance and position within the global economy.
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 evaluate Portugal's economic performance and competitiveness, which informs policy decisions related to trade, investment, and living standards.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, so there may be a one-year delay in the most recent figures. The accuracy of the metric may also be affected by the reliability of the underlying price and national accounts data.
Related Trends
Purchasing Power Parity over GDP for Costa Rica
PPPTTLCRA618NUPN
Purchasing Power Parity over GDP for St. Lucia
PPPTTLLCA618NUPN
Purchasing Power Parity over GDP for Bolivia
PPPTTLBOA618NUPN
Purchasing Power Parity over GDP for Afghanistan
PPPTTLAFA618NUPN
Purchasing Power Parity over GDP for Serbia
PPPTTLRSA618NUPN
Purchasing Power Parity over GDP for Australia
PPPTTLAUA618NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Portugal (PPPTTLPTA618NUPN), retrieved from FRED.