Purchasing Power Parity, Share of World for Panama
PANPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
23.79%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'Purchasing Power Parity, Share of World for Panama' metric measures Panama's relative economic output and living standards compared to the global economy.
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 data series tracks Panama's share of global purchasing power parity, which adjusts for differences in price levels across countries to provide a more accurate picture of relative economic activity and standards of living.
Methodology
The data is calculated based on the World Bank's purchasing power parity estimates.
Historical Context
This metric is used by economists and policymakers to assess Panama's economic performance and competitiveness within the global market.
Key Facts
- Panama's share of global purchasing power parity was 0.081% in 2021.
- Panama's PPP share has increased from 0.062% in 2010.
- Panama is a small but growing economy within the global market.
FAQs
Q: What does this economic trend measure?
A: This metric tracks Panama's share of global purchasing power parity, which provides a more accurate assessment of Panama's relative economic output and living standards compared to the world.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for economists and policymakers to evaluate Panama's economic performance and competitiveness within the global market.
Q: How is this data collected or calculated?
A: The data is calculated based on the World Bank's purchasing power parity estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Panama's economic position and make informed decisions about trade, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for Panama (PANPPPSH), retrieved from FRED.