Purchasing Power Parity over GDP for Russia
PPPTTLRUA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.44
Year-over-Year Change
531.09%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Russia measures the purchasing power of the Russian ruble relative to the U.S. dollar. This metric is important for economists and policymakers to understand the real value of Russia's economic output.
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 compares different countries' currencies through a 'basket of goods' approach to determine the relative purchasing power of the countries' currencies. This PPP over GDP metric applies the PPP concept specifically to Russia's GDP, providing insight into the real value of Russia's economic production.
Methodology
The data is calculated by the World Bank using price surveys and exchange rate data.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and living standards within the Russian economy.
Key Facts
- Russia's PPP over GDP was 0.518 in 2021.
- This metric has declined from over 0.700 in the early 2000s.
- PPP adjustments are important for accurate cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power of the Russian ruble relative to the U.S. dollar, providing insight into the real value of Russia's economic output.
Q: Why is this trend relevant for users or analysts?
A: This PPP over GDP metric is important for understanding the competitiveness and living standards within the Russian economy compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and exchange rate data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the relative value of Russia's economic production and living standards compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Russia (PPPTTLRUA618NUPN), retrieved from FRED.