Purchasing Power Parity over GDP for Sudan
PPPTTLSDA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.69
Year-over-Year Change
147.06%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Purchasing Power Parity over GDP for Sudan' metric measures the relative purchasing power of the Sudanese economy compared to the global average. It is a key indicator of a country's standard of living and economic development.
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. The PPP over GDP ratio shows how Sudan's currency trades relative to this global benchmark, providing insight into the true cost of living and production in the country.
Methodology
This data is calculated by the World Bank using price surveys and GDP figures.
Historical Context
Economists and policymakers use PPP data to assess a country's economic health and competitiveness.
Key Facts
- Sudan's PPP over GDP ratio was 0.302 in 2021.
- This indicates Sudan's currency has significantly less purchasing power than the global average.
- Improving Sudan's PPP ratio is a key economic goal for policymakers.
FAQs
Q: What does this economic trend measure?
A: The 'Purchasing Power Parity over GDP for Sudan' metric compares the purchasing power of Sudan's currency to the global average, providing insight into the country's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: This PPP data is crucial for economists and policymakers to assess Sudan's economic competitiveness and the true cost of living and production in the country.
Q: How is this data collected or calculated?
A: The World Bank calculates this PPP over GDP ratio using price surveys and GDP figures.
Q: How is this trend used in economic policy?
A: Governments and institutions use PPP data to evaluate a country's economic health and guide policies aimed at improving living standards and international trade competitiveness.
Q: Are there update delays or limitations?
A: The World Bank publishes this PPP data on an annual basis, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Sudan (PPPTTLSDA618NUPN), retrieved from FRED.