Purchasing Power Parity over GDP for El Salvador
PPPTTLSVA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
11.62%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for El Salvador is an economic indicator that measures the relative purchasing power of the Salvadoran economy compared 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
This trend represents the ratio of Purchasing Power Parity (PPP) to the official exchange rate for El Salvador's GDP. It provides insights into the real value of the Salvadoran economy and can inform policy decisions related to trade, investment, and economic development.
Methodology
The data is calculated by the World Bank using a standardized methodology to compare national GDPs.
Historical Context
Policymakers and economists use this metric to assess the competitiveness and living standards of the Salvadoran economy.
Key Facts
- El Salvador's PPP over GDP ratio was 0.501 in 2021.
- This indicates the Salvadoran economy has about half the purchasing power of the global average.
- The PPP over GDP ratio has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for El Salvador measures the relative purchasing power of the Salvadoran economy compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the real value and competitiveness of the Salvadoran economy, which is useful for policymakers and economists assessing trade, investment, and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a standardized methodology to compare national GDPs.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the living standards and competitiveness of the Salvadoran economy, which can inform decisions related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical 1-2 year delay in availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for El Salvador (PPPTTLSVA618NUPN), retrieved from FRED.