Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Indonesia
PLGDPOIDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
-0.78%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Indonesia, using current purchasing power parities (PPP) rather than exchange rates. It provides insights into the relative costs of goods and services in Indonesia compared to other 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) is an important measure that adjusts for differences in the cost of living between countries. It allows for more accurate comparisons of economic output and living standards across nations.
Methodology
The data is calculated by the World Bank using a complex process of price surveys and statistical modeling.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess economic performance and living standards across countries.
Key Facts
- Indonesia's price level of output-side real GDP was 0.37 in 2021.
- This means goods and services in Indonesia are approximately 37% as expensive as the global average.
- The PPP adjustment is crucial for accurately comparing economic output across countries with vastly different price levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Indonesia, adjusting for differences in purchasing power parity (PPP) rather than just exchange rates.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted price level is important for accurately comparing economic output and living standards across countries with vastly different costs of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using complex price surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess economic performance and living standards across countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Exchange Rate (market+estimated) for Morocco
XRNCUSMAA618NRUG
Exchange Rate (market+estimated) for Viet Nam
XRNCUSVNA618NRUG
Exchange Rate (market+estimated) for Antigua and Barbuda
XRNCUSAGA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Djibouti
PLGDPODJA670NRUG
Exchange Rate (market+estimated) for Zambia
XRNCUSZMA618NRUG
Exchange Rate (market+estimated) for Nepal
XRNCUSNPA618NRUG
Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Indonesia (PLGDPOIDA670NRUG), retrieved from FRED.