Purchasing Power Parity, Share of World for Caribbean
CRBPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
2.81%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'Purchasing Power Parity, Share of World for Caribbean' trend measures the Caribbean region's share of global purchasing power parity. This economic indicator is crucial for assessing international trade balances and standards of living across 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
Purchasing power parity (PPP) is an economic theory and statistical technique used to determine the relative value of different currencies. The Caribbean's PPP share represents its proportion of global economic output adjusted for price differences between countries.
Methodology
The data is calculated by the World Bank using market exchange rates and price surveys.
Historical Context
Policymakers and analysts use this PPP metric to make more accurate comparisons of economic productivity and living standards between regions.
Key Facts
- The Caribbean's PPP share was 0.25% in 2021.
- PPP adjusts for price level differences across countries.
- Tracking PPP shares is important for global economic analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Caribbean region's share of global purchasing power parity, which adjusts economic output for price level differences across countries.
Q: Why is this trend relevant for users or analysts?
A: Tracking the Caribbean's PPP share is important for assessing international trade balances, living standards, and economic productivity compared to other regions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using market exchange rates and price surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP metric to make more accurate comparisons of economic productivity and living standards between regions.
Q: Are there update delays or limitations?
A: The World Bank publishes this PPP data on an annual basis, so there may be a 1-year delay in the most recent figures.
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Number of Identified Exporters to Netherlands Antilles from U.S. Virgin Islands
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General Government Gross Debt for Caribbean
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Consumer Prices for Caribbean
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Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for Caribbean (CRBPPPSH), retrieved from FRED.