Purchasing Power Parity over GDP for Albania
PPPTTLALA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.26
Year-over-Year Change
11.74%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Albania measures the purchasing power of the Albanian currency relative to the U.S. dollar. This metric is important for analyzing the true economic output and living standards of Albania compared to other countries.
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
Purchasing Power Parity (PPP) is an economic theory that compares different countries' currencies through a 'basket of goods' approach. The PPP over GDP ratio for Albania provides insight into the real value of the country's economic production and consumption levels.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers and economists use PPP data to make more accurate cross-country comparisons and assessments of living standards.
Key Facts
- Albania's PPP over GDP ratio was 0.618 in 2020.
- PPP adjusts for price level differences across countries.
- PPP data enables more accurate cross-country living standard comparisons.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Albania measures the purchasing power of the Albanian currency relative to the U.S. dollar, providing insight into the real value of the country's economic output.
Q: Why is this trend relevant for users or analysts?
A: PPP data is important for making accurate cross-country comparisons of living standards, economic productivity, and consumption levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use PPP data to assess the true economic conditions and living standards in Albania compared to other countries.
Q: Are there update delays or limitations?
A: The PPP data may have some update delays and limitations due to the complexities of international price comparisons.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Albania (PPPTTLALA618NUPN), retrieved from FRED.