Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Russian Federation
PLGDPORUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.41
Year-over-Year Change
-9.94%
Date Range
1/1/1990 - 1/1/2019
Summary
This trend measures the price level of real GDP in Russia based on purchasing power parity (PPP) relative to the exchange rate. It provides insights into the true purchasing power and standard of living in the Russian economy.
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) for Russia compares the domestic purchasing power of the Russian ruble to the U.S. dollar exchange rate. This helps economists assess the relative cost of goods and services in Russia compared to the global market.
Methodology
The data is calculated by the World Bank using price surveys and GDP data.
Historical Context
This trend is used by policymakers and analysts to evaluate Russia's economic development and competitiveness.
Key Facts
- Russia's price level was 42.3% of the U.S. level in 2021.
- The PPP-adjusted GDP per capita in Russia was $27,957 in 2021.
- The PPP/exchange rate ratio for Russia has declined from 0.57 in 2000 to 0.42 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of real GDP in Russia based on purchasing power parity (PPP) relative to the exchange rate. It provides insights into the true purchasing power and standard of living in the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for assessing the relative cost of goods and services in Russia compared to the global market, which helps evaluate Russia's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and GDP data.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to evaluate Russia's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not capture rapid changes in the Russian economy.
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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 Russian Federation (PLGDPORUA670NRUG), retrieved from FRED.