Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Cyprus
PLGDPOCYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.87
Year-over-Year Change
-14.98%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Cyprus, adjusting for differences in purchasing power between the local currency and the U.S. dollar. It provides insights into the relative cost of goods and services in the Cypriot 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
The price level of output-side real GDP at current purchasing power parities (PPPs) reflects the cost of the basket of goods and services that make up real GDP in Cyprus, relative to the same basket priced in U.S. dollars. This metric allows for cross-country comparisons of economic output and living standards.
Methodology
The data is calculated by the OECD using national accounts and exchange rate information.
Historical Context
Policymakers and analysts use this trend to evaluate the competitiveness and living standards of the Cypriot economy.
Key Facts
- Cyprus's price level of real GDP was 74.78 in 2021.
- The price level has increased by 23% since 2010.
- Cyprus's price level is below the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Cyprus, adjusting for differences in purchasing power between the local currency and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for cross-country comparisons of economic output and living standards, providing insights into the relative cost of goods and services in the Cypriot economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the competitiveness and living standards of the Cypriot economy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the OECD.
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Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Cyprus (PLGDPOCYA670NRUG), retrieved from FRED.