Purchasing Power Parity over GDP for Turkmenistan
PPPTTLTMA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.76
Year-over-Year Change
608.20%
Date Range
1/1/1993 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Turkmenistan measures the relative purchasing power of the Turkmen manat compared to the U.S. dollar. This economic indicator is crucial for understanding Turkmenistan's economic development and international trade competitiveness.
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 Turkmenistan specifically looks at the purchasing power of the Turkmen manat relative to the U.S. dollar, adjusting for price level differences between the two economies.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers and analysts use this PPP measure to evaluate Turkmenistan's economic performance and international trade position.
Key Facts
- Turkmenistan's PPP over GDP ratio was 0.302 in 2020.
- This indicates the Turkmen manat has significantly lower purchasing power than the U.S. dollar.
- The PPP measure is important for assessing Turkmenistan's cost competitiveness in global trade.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Turkmenistan measures the relative purchasing power of the Turkmen manat compared to the U.S. dollar, adjusting for price level differences between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This PPP measure is crucial for understanding Turkmenistan's economic development and international trade competitiveness. It allows analysts to evaluate the country's cost position and purchasing power relative to major trading partners.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP measure to evaluate Turkmenistan's economic performance and international trade position, informing decisions around exchange rate policy, trade agreements, and economic development strategies.
Q: Are there update delays or limitations?
A: The PPP data for Turkmenistan is published annually by the World Bank with a time lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Turkmenistan (PPPTTLTMA618NUPN), retrieved from FRED.