Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Mexico
PLGDPOMXA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
-12.91%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures the purchasing power parity (PPP) exchange rate for Mexico's real GDP. It is a key indicator of international price competitiveness and living standards 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 PPPs compares the purchasing power of a country's currency to the U.S. dollar. It reflects differences in the cost of living and price levels between nations, providing insight into their relative economic development.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to evaluate trade balances, international investment, and standards of living.
Key Facts
- Mexico's price level of real GDP was 57.31 in 2021 (U.S. = 100)
- This metric has declined from 72.03 in 1980, indicating rising living standards
- PPP-adjusted GDP per capita is a better measure of welfare than market exchange rates
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) exchange rate for Mexico's real GDP, which compares the country's price level to the U.S.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted real GDP price level provides insight into Mexico's international price competitiveness and relative living standards compared to other countries.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts and price data for Mexico.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP exchange rate to evaluate trade balances, international investment, and standards of living across countries.
Q: Are there update delays or limitations?
A: This series is updated annually by the World Bank with a lag, so the most recent data may not reflect the current economic situation.
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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 Mexico (PLGDPOMXA670NRUG), retrieved from FRED.