Purchasing Power Parity over GDP for Zimbabwe
PPPTTLZWA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.67
Year-over-Year Change
-24.37%
Date Range
1/1/1954 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Zimbabwe measures the country's relative purchasing power compared to the United States. This metric is crucial for assessing Zimbabwe's economic standing and purchasing power on the global stage.
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' approach. The PPP over GDP ratio for Zimbabwe provides insight into the nation's standard of living and ability to purchase the same quantity of goods and services as the U.S.
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 Zimbabwe's economic competitiveness and living standards relative to major global economies.
Key Facts
- Zimbabwe's PPP over GDP ratio was 0.25 in 2021.
- This indicates Zimbabwe's purchasing power is 25% of the U.S. level.
- The ratio has declined significantly from over 0.50 in the 1990s.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Zimbabwe measures the country's relative purchasing power compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into Zimbabwe's economic standing and living standards relative to major global economies.
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 Zimbabwe's economic competitiveness and living standards compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some delays in reporting.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Zimbabwe (PPPTTLZWA618NUPN), retrieved from FRED.