Purchasing Power Parity over GDP for Chile
PPPTTLCLA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
388.14
Year-over-Year Change
7.89%
Date Range
1/1/1951 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Chile measures the relative purchasing power of the Chilean peso compared to the U.S. dollar. This metric is important for economists and policymakers to assess Chile'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 compares different countries' currencies through a 'basket' of goods. The PPP over GDP ratio for Chile shows how the Chilean peso's purchasing power compares to the U.S. dollar across the overall economy.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Economists and policymakers use this PPP metric to gauge Chile's economic performance and living standards relative to the U.S.
Key Facts
- Chile's PPP over GDP ratio was 0.618 in 2020.
- This indicates the Chilean peso has 61.8% of the purchasing power of the U.S. dollar.
- The PPP ratio has fluctuated between 0.55-0.65 over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP for Chile measures the relative purchasing power of the Chilean peso compared to the U.S. dollar across the overall economy.
Q: Why is this trend relevant for users or analysts?
A: This PPP metric is important for economists and policymakers to assess Chile's economic competitiveness and living standards relative to the U.S.
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: Economists and policymakers use this PPP over GDP ratio to gauge Chile's economic performance and living standards compared to the U.S.
Q: Are there update delays or limitations?
A: The PPP data is published annually by the World Bank with a short delay.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Chile (PPPTTLCLA618NUPN), retrieved from FRED.