Purchasing Power Parity over GDP for Slovenia
PPPTTLSIA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
26.01%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Slovenia measures the ratio of Slovenia's GDP based on purchasing power parity (PPP) to its GDP based on nominal exchange rates. This important indicator provides insights into the cost of living and economic development in Slovenia relative to the global average.
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. The PPP over GDP ratio for Slovenia reflects how the country's standard of living and prices compare to the worldwide average, which is useful for policymakers and analysts assessing Slovenia's economic performance.
Methodology
The data is calculated by the World Bank using price surveys and GDP figures.
Historical Context
Policymakers and investors use this PPP ratio to evaluate Slovenia's economic competitiveness and cost of living compared to global benchmarks.
Key Facts
- Slovenia's PPP over GDP ratio was 0.75 in 2021.
- This ratio has remained relatively stable over the past decade.
- Slovenia's PPP GDP per capita was $35,400 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Slovenia measures the ratio of Slovenia's GDP based on purchasing power parity (PPP) to its GDP based on nominal exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This PPP ratio provides insights into the cost of living and economic development in Slovenia relative to the global average, which is useful for policymakers and analysts assessing Slovenia's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this PPP ratio to evaluate Slovenia's economic competitiveness and cost of living compared to global benchmarks.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Slovenia (PPPTTLSIA618NUPN), retrieved from FRED.