Purchasing Power Parity, Share of World for Barbados
BRBPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-25.77%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'Purchasing Power Parity, Share of World for Barbados' trend measures Barbados' share of global purchasing power. This data is important for economists and policymakers analyzing Barbados' economic standing and development relative to other countries.
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 Barbados' purchasing power parity (PPP) as a percentage of global PPP. PPP compares different countries' currencies based on their purchasing power, providing a more accurate measure of economic output and living standards than nominal exchange rates.
Methodology
The data is calculated by the World Bank using price surveys and national accounts statistics.
Historical Context
Policymakers and analysts use this metric to evaluate Barbados' economic competitiveness and growth potential.
Key Facts
- Barbados' PPP share of the world has declined from 0.027% in 1990 to 0.019% in 2021.
- Barbados' PPP per capita was $20,845 in 2021, below the global average.
- Barbados' PPP-based GDP was $5.98 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures Barbados' purchasing power parity (PPP) as a percentage of global PPP, providing a comparative view of its economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Barbados' economic competitiveness and development relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Barbados' economic standing and growth potential.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for Barbados (BRBPPPSH), retrieved from FRED.