Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Guinea-Bissau
PLGDPOGWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
11.12%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the price level of Guinea-Bissau's real GDP on the output side, adjusted for purchasing power parity (PPP) and exchange rates. It provides insights into the country's relative price levels and economic competitiveness.
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 PPPs is an indicator of a country's overall price levels compared to other economies. It reflects the cost of a standardized basket of goods and services, factoring in exchange rate and PPP adjustments.
Methodology
The data is calculated by the World Bank using national accounts, price, and exchange rate data.
Historical Context
This metric is used by economists and policymakers to assess Guinea-Bissau's economic performance and competitiveness.
Key Facts
- Guinea-Bissau's price level of output-side real GDP was 34.4 in 2021.
- The trend has declined from a high of 42.3 in 2011.
- Comparatively, the U.S. price level is around 100.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of Guinea-Bissau's real GDP on the output side, adjusted for purchasing power parity (PPP) and exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Guinea-Bissau's relative price levels and economic competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts, price, and exchange rate data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Guinea-Bissau's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some delay, and may not fully capture short-term price fluctuations.
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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 Guinea-Bissau (PLGDPOGWA670NRUG), retrieved from FRED.