Purchasing Power Parity over GDP for United Arab Emirates
PPPTTLAEA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.09
Year-over-Year Change
27.99%
Date Range
1/1/1986 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for United Arab Emirates measures the country's relative purchasing power compared to the global average. This metric is important for economists and policymakers to assess the UAE's economic competitiveness and living standards.
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 Purchasing Power Parity (PPP) over GDP metric compares a country's GDP converted to international dollars using PPP rates versus its nominal GDP. This gives insight into the real purchasing power and living standards in the UAE relative to the global average.
Methodology
The data is calculated by the World Bank using exchange rates and price surveys to determine PPP conversion factors.
Historical Context
PPP-adjusted GDP is widely used by economists and international institutions to make more accurate cross-country comparisons.
Key Facts
- The UAE's PPP-adjusted GDP per capita is over $69,000.
- The UAE has one of the highest PPP-adjusted GDP levels globally.
- PPP adjustments account for cost-of-living differences between countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP metric compares the UAE's GDP converted to international dollars using PPP rates versus its nominal GDP, providing insight into the country's real purchasing power and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the UAE's economic competitiveness and living standards relative to the global average.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price surveys to determine PPP conversion factors.
Q: How is this trend used in economic policy?
A: PPP-adjusted GDP is widely used by economists and international institutions to make more accurate cross-country comparisons for policy and market analysis.
Q: Are there update delays or limitations?
A: The data is subject to the World Bank's publication schedule and may have lags compared to other economic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for United Arab Emirates (PPPTTLAEA618NUPN), retrieved from FRED.