Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for El Salvador
PLGDPOSVA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-19.14%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the purchasing power parity (PPP) between the Salvadoran GDP and the U.S. dollar, providing insight into the relative cost of goods and services in El Salvador.
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 (Purchasing Power Parity/Exchange Rate) for El Salvador compares the purchasing power of the Salvadoran economy to the United States, adjusting for differences in the cost of living. This metric is used by economists to evaluate the relative standard of living and competitiveness of countries.
Methodology
The data is calculated by the World Bank using GDP and exchange rate data.
Historical Context
This trend is relevant for assessing the economic conditions and trade competitiveness of El Salvador.
Key Facts
- El Salvador's PPP-adjusted GDP per capita was $8,302 in 2021.
- The PPP/exchange rate ratio for El Salvador was 0.564 in 2021.
- This indicator has been tracked by the World Bank since 1990.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) between the Salvadoran GDP and the U.S. dollar, providing insight into the relative cost of goods and services in El Salvador.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists to evaluate the relative standard of living and trade competitiveness of El Salvador compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and exchange rate data.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing the economic conditions and trade competitiveness of El Salvador, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The World Bank publishes this data annually, with a delay of approximately one year.
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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 El Salvador (PLGDPOSVA670NRUG), retrieved from FRED.