Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Dominican Republic
PLGDPODOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
12.85%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic trend measures the price level of real GDP in the Dominican Republic, adjusting for differences in purchasing power between the Dominican peso and U.S. dollar. It is a key indicator for comparing the relative costs of goods and services 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
The price level of output-side real GDP at current purchasing power parities (PPP) compares the purchasing power of currencies by measuring the relative cost of a fixed basket of goods and services across countries. This allows for more accurate cross-country comparisons of economic output and living standards.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic competitiveness and living costs.
Key Facts
- The Dominican Republic's price level was 49% of the U.S. level in 2021.
- This metric has been tracked since 1990.
- Comparing PPP-adjusted GDP is crucial for assessing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of real GDP in the Dominican Republic, adjusting for differences in purchasing power between the Dominican peso and U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic output and living standards by accounting for differences in prices and 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 information.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic competitiveness and living costs.
Q: Are there update delays or limitations?
A: The data is updated annually and may have a 1-2 year lag due to the time required for price surveys and national accounts compilation.
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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 Dominican Republic (PLGDPODOA670NRUG), retrieved from FRED.