Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for United States
PLGDPOUSA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.04
Year-over-Year Change
21.41%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the relative purchasing power of the U.S. dollar compared to other currencies, providing insight into the country's economic competitiveness and trade dynamics.
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/Exchange Rate) for the United States tracks the difference between the market exchange rate and the purchasing power parity (PPP) of the U.S. dollar. This ratio is used to assess the relative cost of goods and services in the U.S. compared to other countries.
Methodology
The data is calculated by the OECD based on national accounts and price surveys.
Historical Context
This metric is closely monitored by policymakers, economists, and investors to gauge the international competitiveness of the U.S. economy.
Key Facts
- The U.S. dollar's purchasing power is currently above the market exchange rate.
- This indicates the U.S. has a relatively high cost of living compared to other countries.
- The PPP/Exchange Rate ratio can signal changes in a country's trade balance and international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the relative purchasing power of the U.S. dollar compared to other currencies, providing insight into the country's economic competitiveness and trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers, economists, and investors to gauge the international competitiveness of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts and price surveys.
Q: How is this trend used in economic policy?
A: This ratio is used to assess the relative cost of goods and services in the U.S. compared to other countries, which can signal changes in a country's trade balance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published regularly by the OECD, but may be subject to revision or delay due to the complex methodology involved.
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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 United States (PLGDPOUSA670NRUG), retrieved from FRED.