Purchasing Power Parity over GDP for Uruguay
PPPTTLUYA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.90
Year-over-Year Change
76.14%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Uruguay measures the relative purchasing power of the Uruguayan peso compared to the U.S. dollar. It is a key indicator for evaluating the standard of living and international trade competitiveness in Uruguay.
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. The PPP over GDP ratio for Uruguay shows how the domestic purchasing power of the Uruguayan peso compares to the U.S. dollar, adjusting for price level differences between the two countries.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Economists and policymakers use this metric to assess Uruguay's economic development and trade dynamics.
Key Facts
- Uruguay's PPP over GDP ratio was 0.618 in 2021.
- A higher PPP ratio indicates greater domestic purchasing power.
- Comparing PPP across countries allows analysis of living standards.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Uruguay measures the relative purchasing power of the Uruguayan peso compared to the U.S. dollar, adjusting for price level differences between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for evaluating the standard of living and international trade competitiveness in Uruguay compared to other countries.
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: Economists and policymakers use this metric to assess Uruguay's economic development and trade dynamics.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not fully capture short-term fluctuations in purchasing power.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Uruguay (PPPTTLUYA618NUPN), retrieved from FRED.