Purchasing Power Parity over GDP for Brunei
PPPTTLBNA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
-19.64%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Brunei measures the country's relative purchasing power compared to the United States. This metric is important for economists and policymakers to assess Brunei's economic competitiveness and standard of living.
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 estimates the relative purchasing power of different currencies based on the cost of a standard basket of goods. The PPP over GDP ratio compares Brunei's PPP to its nominal GDP, providing insights into the nation's cost of living and international trade dynamics.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers and international investors use this metric to evaluate Brunei's economic performance and purchasing power relative to other countries.
Key Facts
- Brunei's PPP over GDP ratio was 0.785 in 2021.
- A higher PPP over GDP ratio indicates greater purchasing power.
- Brunei has one of the highest GDP per capita in Southeast Asia.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Brunei measures the country's relative purchasing power compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess Brunei's economic competitiveness and standard of living.
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 international investors use this metric to evaluate Brunei's economic performance and purchasing power relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with potential lags in availability.
Related Trends
Purchasing Power Parity over GDP for Georgia
PPPTTLGEA618NUPN
Purchasing Power Parity over GDP for Afghanistan
PPPTTLAFA618NUPN
Purchasing Power Parity over GDP for Russia
PPPTTLRUA618NUPN
Purchasing Power Parity over GDP for Bosnia and Herzegovina
PPPTTLBAA618NUPN
Purchasing Power Parity over GDP for Hungary
PPPTTLHUA618NUPN
Purchasing Power Parity over GDP for Republic of Congo
PPPTTLCGA618NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Brunei (PPPTTLBNA618NUPN), retrieved from FRED.