Purchasing Power Parity over GDP for Bahamas
PPPTTLBSA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
-0.37%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Bahamas measures the relative purchasing power of the Bahamian dollar compared to the U.S. dollar based on GDP. This metric is important for economists and policymakers to understand the true economic strength and living standards of the Bahamian economy.
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 Bahamas provides insight into the real value of the Bahamian economy relative to the United States, beyond just the nominal exchange rate.
Methodology
This data is calculated by the World Bank using price surveys and GDP figures.
Historical Context
Policymakers and analysts use PPP data to make more accurate international economic comparisons and assessments.
Key Facts
- The Bahamas has a PPP over GDP ratio around 0.8 as of the latest data.
- PPP adjusts for cost-of-living differences between countries.
- Policymakers use PPP to gauge a country's standard of living more accurately.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Bahamas measures the relative purchasing power of the Bahamian dollar compared to the U.S. dollar based on GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the real value of the Bahamian economy relative to the United States, beyond just the nominal exchange rate, which is important for international economic comparisons and assessments.
Q: How is this data collected or calculated?
A: This data is calculated by the World Bank using price surveys and GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use PPP data to make more accurate international economic comparisons and assessments.
Q: Are there update delays or limitations?
A: The data may have some delay in updates, and can be limited by the availability and accuracy of underlying price and GDP data.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Bahamas (PPPTTLBSA618NUPN), retrieved from FRED.