Purchasing Power Parity over GDP for Trinidad and Tobago
PPPTTLTTA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.05
Year-over-Year Change
36.98%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Trinidad and Tobago measures the relative purchasing power of the country's currency compared to the U.S. dollar, providing insights into its economic 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
This metric compares the cost of a standard basket of goods and services in Trinidad and Tobago to the cost in the United States, offering a gauge of the country's price levels and standard of living relative to the U.S.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Economists and policymakers use this indicator to assess a country's trade balance, productivity, and overall economic performance.
Key Facts
- Trinidad and Tobago's PPP over GDP was 0.59 in 2020.
- A higher PPP indicates a country's goods and services are more affordable.
- PPP data helps assess a country's standard of living and trade competitiveness.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity of Trinidad and Tobago's currency relative to the U.S. dollar, providing insights into the country's price levels and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The PPP over GDP ratio is crucial for evaluating a country's standard of living, trade balance, and overall economic performance compared to other nations.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use PPP data to assess a country's productivity, trade competitiveness, and overall economic health relative to trading partners.
Q: Are there update delays or limitations?
A: The World Bank publishes PPP data annually, with some delays in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Trinidad and Tobago (PPPTTLTTA618NUPN), retrieved from FRED.