Purchasing Power Parity over GDP for Romania
PPPTTLROA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.99
Year-over-Year Change
451.99%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Romania measures the ratio of a country's purchasing power parity to its nominal GDP. This 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
Purchasing Power Parity (PPP) is an economic theory that compares different countries' currencies through a 'basket of goods' approach. Comparing Romania's PPP to its nominal GDP gives a relative measure of the country's cost of living and international purchasing power.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers and analysts use this metric to evaluate Romania's economic development and competitiveness relative to other countries.
Key Facts
- Romania's PPP/GDP ratio was 0.618 in 2020.
- A higher PPP/GDP ratio indicates greater purchasing power and lower cost of living.
- Comparing PPP to nominal GDP provides insight into a country's standard of living.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Romania measures the ratio of the country's purchasing power parity 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 metric is relevant for evaluating Romania's economic development and competitiveness relative to other countries, as it offers a measure of the country's cost of living and international purchasing power.
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 analysts use this metric to assess Romania's economic development and competitiveness compared to other countries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Romania (PPPTTLROA618NUPN), retrieved from FRED.