Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Croatia
PLGDPOHRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
-14.48%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the price level of real GDP in Croatia, adjusted for differences in purchasing power between Croatia and a reference country. It provides insights into Croatia's relative cost of living and economic competitiveness.
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) for Croatia compares the cost of a standard basket of goods and services in Croatia to the cost in a reference country, typically the United States. This metric is used to assess Croatia's economic performance and international competitiveness.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
Policymakers and analysts use this trend to evaluate Croatia's economic position relative to other countries.
Key Facts
- Croatia's price level was 59.3% of the U.S. level in 2021.
- This trend has increased from 54.6% in 2010, indicating rising costs in Croatia.
- Higher price levels can reduce Croatia's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of real GDP in Croatia, adjusted for differences in purchasing power between Croatia and a reference country.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to assess Croatia's economic performance and international competitiveness by evaluating its relative cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and exchange rate data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Croatia's economic position relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and exchange rate information from Croatia.
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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 Croatia (PLGDPOHRA670NRUG), retrieved from FRED.