Purchasing Power Parity over GDP for Brazil
PPPTTLBRA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.87
Year-over-Year Change
91.37%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Brazil is an economic indicator that measures the relative purchasing power of the Brazilian currency compared to the U.S. dollar. It provides insights into the cost of living and international trade competitiveness.
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) compares national currencies' purchasing power by estimating the amount of adjustment needed to the exchange rate to equalize the prices of an identical basket of goods and services in different countries. The PPP over GDP ratio for Brazil is an important metric for assessing the country's economic performance and integration within the global economy.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
Policymakers and international investors monitor Brazil's PPP over GDP ratio to gauge the country's economic competitiveness and cost-of-living trends.
Key Facts
- Brazil's PPP over GDP ratio was 0.618 in 2020.
- A higher PPP ratio indicates a currency is undervalued compared to the U.S. dollar.
- PPP data helps adjust GDP for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP for Brazil measures the relative purchasing power of the Brazilian currency compared to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The PPP over GDP ratio provides insights into Brazil's cost of living and international trade competitiveness, which are important for policymakers and global investors.
Q: How is this data collected or calculated?
A: The World Bank calculates the PPP over GDP ratio using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Governments and international organizations monitor Brazil's PPP over GDP to assess the country's economic performance and global competitiveness.
Q: Are there update delays or limitations?
A: The PPP over GDP data may have a lag of several months due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Brazil (PPPTTLBRA618NUPN), retrieved from FRED.