Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Niger
PLGDPONEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
23.12%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Niger' measures the relative price level of Niger's gross domestic product (GDP) compared to the United States.
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
This trend represents the purchasing power parity (PPP) exchange rate between Niger and the U.S. dollar, providing insights into the relative cost of goods and services in the two economies. It is used by economists and policymakers to assess Niger's economic development and international competitiveness.
Methodology
The data is calculated by the World Bank using a range of price surveys and statistical models.
Historical Context
This metric is valuable for analyzing Niger's economic position and informing trade, investment, and development policies.
Key Facts
- Niger's PPP exchange rate was 305.7 in 2020.
- The PPP exchange rate is lower than the official exchange rate, indicating lower prices in Niger compared to the U.S.
- The PPP metric is used to adjust economic indicators for price level differences between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of goods and services in Niger compared to the United States, using a purchasing power parity (PPP) exchange rate.
Q: Why is this trend relevant for users or analysts?
A: The PPP exchange rate is crucial for comparing economic indicators and living standards across countries, as it accounts for differences in the cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and statistical models to determine the PPP exchange rate between Niger and the U.S. dollar.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Niger's economic development, international competitiveness, and inform trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years in the most recent observations.
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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 Niger (PLGDPONEA670NRUG), retrieved from FRED.