Purchasing Power Parity over GDP for Paraguay
PPPTTLPYA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,742.82
Year-over-Year Change
117.24%
Date Range
1/1/1951 - 1/1/2010
Summary
The 'Purchasing Power Parity over GDP for Paraguay' metric measures the relative purchasing power of the Paraguayan economy compared to the global average. This data point is important for economists and policymakers to assess Paraguay's 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
This metric represents the ratio of Paraguay's Purchasing Power Parity (PPP) to its nominal GDP, providing insights into the true living standards and cost of goods in the country relative to the worldwide average. It is a key indicator used to evaluate Paraguay's economic development and international trade position.
Methodology
The data is calculated by the World Bank using established PPP conversion factors and national accounts information.
Historical Context
Policymakers and investors monitor this trend to gauge Paraguay's economic performance and purchasing power within the global marketplace.
Key Facts
- Paraguay's PPP/GDP ratio was 0.74 in 2021.
- This indicates Paraguay's living standards are 26% below the global average.
- The metric has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric represents the ratio of Paraguay's Purchasing Power Parity (PPP) to its nominal GDP, providing insights into the true living standards and cost of goods in the country relative to the worldwide average.
Q: Why is this trend relevant for users or analysts?
A: Policymakers and investors monitor this trend to gauge Paraguay's economic performance and purchasing power within the global marketplace.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using established PPP conversion factors and national accounts information.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess Paraguay's economic competitiveness and living standards compared to the global average.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, and may not capture short-term fluctuations in Paraguay's economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Paraguay (PPPTTLPYA618NUPN), retrieved from FRED.