Purchasing Power Parity over GDP for Tonga
PPPTTLTOA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
67.12%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Tonga measures the relative strength of the Tongan economy compared to other countries. It is an important economic indicator for understanding Tonga's international trade and 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 a metric that compares the cost of living and purchasing power between countries. The PPP over GDP for Tonga represents how the Tongan economy's purchasing power compares to the global average, which is useful for analyzing Tonga's trade competitiveness and standard of living.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers and economists use this metric to evaluate Tonga's economic performance and policies.
Key Facts
- Tonga's PPP over GDP was 0.75 in 2021.
- This indicates Tonga's economy has 75% of the purchasing power of the global average.
- The metric has fluctuated between 0.71 and 0.77 over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Tonga measures the relative strength of the Tongan economy compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Tonga's international trade competitiveness and the standard of living in the country.
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 economists use this metric to evaluate Tonga's economic performance and the effectiveness of its policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of about a year.
Related Trends
Purchasing Power Parity over GDP for Kenya
PPPTTLKEA618NUPN
Purchasing Power Parity over GDP for Lesotho
PPPTTLLSA618NUPN
Purchasing Power Parity over GDP for Ireland
PPPTTLIEA618NUPN
Purchasing Power Parity over GDP for Venezuela
PPPTTLVEA618NUPN
Purchasing Power Parity over GDP for Eritrea
PPPTTLERA618NUPN
Purchasing Power Parity over GDP for Dominica
PPPTTLDMA618NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Tonga (PPPTTLTOA618NUPN), retrieved from FRED.