Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Spain
PLGDPOESA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
-17.19%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Spain, adjusting for differences in purchasing power across countries. It is a key indicator for comparing living standards and productivity 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
The price level of output-side real GDP at current purchasing power parities (PPP) represents the price level of a country's total economic output, after adjusting for differences in the cost of living and exchange rates between countries. This metric allows for more accurate cross-country comparisons of economic activity and standards of living.
Methodology
The data is calculated by the OECD using detailed price and national accounts information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess relative economic performance and competitiveness between countries.
Key Facts
- Spain's price level was 85.7% of the U.S. level in 2021.
- This metric has trended upward in Spain since the early 2000s.
- Comparing PPP-adjusted GDP is more accurate than using exchange rates alone.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of total economic output in Spain, adjusting for differences in purchasing power and the cost of living compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of living standards and productivity across nations by accounting for variations in prices and exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using detailed price and national accounts information.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess relative economic performance and competitiveness between countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Spain (PLGDPOESA670NRUG), retrieved from FRED.