Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Lebanon
PLGDPOLBA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
38.72%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Lebanon, using current purchasing power parities (PPP) and exchange rates. It provides insights into the relative purchasing power and cost of living in Lebanon 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 is an important metric for understanding the standard of living and competitiveness of an economy. By adjusting for differences in purchasing power, this trend allows for more accurate comparisons of real economic output across countries.
Methodology
The data is calculated by the World Bank using a combination of national accounts and exchange rate information.
Historical Context
This trend is used by economists, policymakers, and international organizations to analyze Lebanon's economic development and compare its cost of living to other nations.
Key Facts
- Lebanon's price level of output-side real GDP was 37.78 in 2021.
- This trend has increased from 35.47 in 2016, indicating rising costs in Lebanon.
- Lebanon's price level is significantly lower than the global average, reflecting its relatively low cost of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Lebanon, adjusting for differences in purchasing power between Lebanon and other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the relative cost of living and competitiveness of the Lebanese economy, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a combination of national accounts data and exchange rate information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze Lebanon's economic development and compare its cost of living to other countries, which informs decision-making and policy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability. There may also be limitations in the underlying data sources used to calculate this metric.
Related Trends
Exchange Rate (market+estimated) for Honduras
XRNCUSHNA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Cote d'Ivoire
PLGDPOCIA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Saint Kitts and Nevis
PLGDPOKNA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Dominica
PLGDPODMA670NRUG
Exchange Rate (market+estimated) for Peru
XRNCUSPEA618NRUG
Exchange Rate (market+estimated) for Angola
XRNCUSAOA618NRUG
Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Lebanon (PLGDPOLBA670NRUG), retrieved from FRED.