Purchasing Power Parity over GDP for United States
PPPTTLUSA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for the United States is an economic indicator that compares the purchasing power of the U.S. dollar to other countries. It is a key metric for evaluating relative economic strength and living standards across nations.
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 adjusts exchange rates to reflect the real purchasing power of a currency within its own country. The PPP over GDP ratio for the U.S. provides insights into the country's competitiveness and standard of living compared to its trading partners.
Methodology
This data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and analysts use this metric to assess trade imbalances, cost-of-living, and the overall health of the U.S. economy relative to the global market.
Key Facts
- The U.S. PPP over GDP ratio was 1.0161 in 2021.
- The U.S. has maintained a PPP over GDP ratio above 1.0 since the 1990s.
- PPP adjustments can vary significantly across countries and time periods.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for the United States measures the purchasing power of the U.S. dollar relative to other countries by adjusting for price level differences.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the U.S. economy's competitiveness and living standards compared to its trading partners, which is useful for policymakers, investors, and economic analysts.
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 assess trade imbalances, cost-of-living, and the overall health of the U.S. economy relative to the global market.
Q: Are there update delays or limitations?
A: The data is subject to occasional revisions and may have a delay of several months before the latest figures are published.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for United States (PPPTTLUSA618NUPN), retrieved from FRED.