Purchasing Power Parity over GDP for Tanzania
PPPTTLTZA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
598.96
Year-over-Year Change
68.85%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Tanzania measures the relative purchasing power of the Tanzanian shilling compared to the U.S. dollar, providing insights into the country's economic development and standard of living.
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 standardized basket of goods and services in Tanzania to the same basket in the United States, adjusting for exchange rate differences. It offers a more accurate assessment of Tanzania's economic output and living standards than using the official exchange rate.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and analysts use this metric to evaluate Tanzania's economic competitiveness and the effectiveness of development programs.
Key Facts
- Tanzania's PPP-adjusted GDP per capita was $3,447 in 2021.
- The PPP exchange rate was 1,288 Tanzanian shillings per U.S. dollar in 2021.
- Tanzania's PPP-adjusted GDP was $206 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Tanzania measures the relative purchasing power of the Tanzanian shilling compared to the U.S. dollar, providing insights into the country's economic development and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a more accurate assessment of Tanzania's economic output and living standards than using the official exchange rate, allowing policymakers and analysts to better evaluate the country's economic competitiveness and the effectiveness of development programs.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Tanzania's economic competitiveness and the effectiveness of development programs.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Tanzania (PPPTTLTZA618NUPN), retrieved from FRED.