Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Jamaica
PLGDPOJMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
-0.12%
Date Range
1/1/1953 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Jamaica, adjusted for purchasing power parity (PPP) relative to the exchange rate. It provides insights into the country's cost of living 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 cost of living and purchasing power. It compares the domestic price level to the international market exchange rate, offering perspectives on economic integration and trade dynamics.
Methodology
The data is calculated by the World Bank using GDP estimates and PPP conversion factors.
Historical Context
Policymakers and analysts use this trend to evaluate Jamaica's economic performance and international competitiveness.
Key Facts
- Jamaica's price level of output-side real GDP at current PPPs was 57.02 in 2021.
- The trend has increased by 18% over the past decade.
- PPP-adjusted GDP can differ significantly from market exchange rate-based GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Jamaica, adjusted for purchasing power parity (PPP) relative to the exchange rate.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Jamaica's cost of living and economic competitiveness, which are important factors for policymakers and international investors.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP estimates and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Jamaica's economic performance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability.
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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 Jamaica (PLGDPOJMA670NRUG), retrieved from FRED.