Purchasing Power Parity over GDP for Dominican Republic
PPPTTLDOA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.69
Year-over-Year Change
159.54%
Date Range
1/1/1951 - 1/1/2010
Summary
The 'Purchasing Power Parity over GDP for Dominican Republic' measures the relative purchasing power of the Dominican peso compared to the U.S. dollar. This metric is a key indicator of a country's standard of living and economic development.
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 the cost of a standardized basket of goods between countries, adjusting for exchange rate differences. The PPP over GDP ratio for the Dominican Republic provides insight into the country's economic competitiveness and living standards relative to the U.S.
Methodology
The data is calculated by the World Bank using national accounts and inflation data.
Historical Context
Policymakers and analysts use this PPP ratio to assess the Dominican Republic's economic performance and make cross-country comparisons.
Key Facts
- The PPP over GDP ratio for the Dominican Republic was 0.58 in 2021.
- This indicates the Dominican peso has around 58% of the purchasing power of the U.S. dollar.
- The ratio has declined from over 0.70 in the early 2000s, suggesting a relative loss of economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'Purchasing Power Parity over GDP for Dominican Republic' measures the relative purchasing power of the Dominican peso compared to the U.S. dollar, adjusting for differences in the cost of living.
Q: Why is this trend relevant for users or analysts?
A: This PPP ratio provides insight into the Dominican Republic's economic competitiveness and living standards relative to the U.S. It is a key indicator used by policymakers and analysts to assess the country's economic performance and make cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and inflation data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Dominican Republic's PPP over GDP ratio to evaluate the country's economic performance, competitiveness, and living standards compared to the U.S. and other countries.
Q: Are there update delays or limitations?
A: The PPP data may have a lag of 1-2 years due to the time required for data collection and analysis by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Dominican Republic (PPPTTLDOA618NUPN), retrieved from FRED.