Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Senegal
PLGDPOSNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
5.99%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures the purchasing power parity-adjusted price level of real GDP in Senegal. It provides insights into the country's relative cost of living and economic development compared to other nations.
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 Senegal tracks the price level of the country's real GDP, adjusted for differences in purchasing power between Senegal and the United States. This metric is useful for analyzing Senegal's economic competitiveness and standard of living relative to the global market.
Methodology
The data is calculated using exchange rate and price level information from the Penn World Table.
Historical Context
Policymakers and analysts use this trend to evaluate Senegal's economic performance and competitiveness.
Key Facts
- Senegal's GDP price level was 46.31 in 2020.
- The price level has increased by 18% since 2010.
- Senegal's price level is about half the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted price level of real GDP in Senegal. It reflects the country's relative cost of living and economic development compared to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for analyzing Senegal's economic competitiveness and standard of living relative to the global market.
Q: How is this data collected or calculated?
A: The data is calculated using exchange rate and price level information from the Penn World Table.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Senegal's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data may have update delays due to the underlying sources used in its calculation.
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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 Senegal (PLGDPOSNA670NRUG), retrieved from FRED.