Purchasing Power Parity over GDP for Lebanon
PPPTTLLBA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,002.19
Year-over-Year Change
8.35%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Lebanon measures the ratio of a country's purchasing power parity (PPP) to its nominal GDP. This indicator provides insights into a country's standard 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 Purchasing Power Parity over GDP for Lebanon compares the purchasing power of the Lebanese currency to the U.S. dollar, adjusting for differences in the cost of living between the two countries. This metric is widely used by economists and policymakers to evaluate a country's economic development and international trade dynamics.
Methodology
The data is calculated by the World Bank using established PPP and GDP estimation methodologies.
Historical Context
Policymakers and analysts use this indicator to assess Lebanon's economic performance and competitiveness on the global stage.
Key Facts
- Lebanon's Purchasing Power Parity over GDP ratio was 0.618 in 2020.
- This metric has declined from a high of 0.733 in 2007, indicating a drop in Lebanon's relative purchasing power.
- The Purchasing Power Parity over GDP ratio is a key indicator of a country's standard of living and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Lebanon measures the ratio of the country's purchasing power parity (PPP) to its nominal GDP, providing insights into its standard of living and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used by economists and policymakers to evaluate a country's economic development and international trade dynamics, as it reflects the purchasing power of the local currency compared to the U.S. dollar.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using established methodologies for estimating purchasing power parity and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Lebanon's economic performance and competitiveness on the global stage, informing decisions related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The Purchasing Power Parity over GDP for Lebanon data may be subject to periodic updates and revisions by the World Bank, and there may be lags in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Lebanon (PPPTTLLBA618NUPN), retrieved from FRED.