Purchasing Power Parity over GDP for Iraq
PPPTTLIQA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
788.35
Year-over-Year Change
277.52%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Iraq (PPPTTLIQA618NUPN) measures the relative purchasing power of the Iraqi dinar compared to the U.S. dollar, providing insights into the country's economic development and trade dynamics.
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 Iraq shows how the Iraqi dinar's purchasing power compares to the U.S. dollar, which is useful for evaluating the country's standard of living and international competitiveness.
Methodology
The data is calculated by the World Bank using price surveys and GDP figures.
Historical Context
Policymakers and economists use this metric to assess Iraq's economic performance and make informed decisions regarding trade, investment, and development strategies.
Key Facts
- Iraq's PPP over GDP ratio was 0.434 in 2021.
- The PPP ratio has fluctuated significantly since 2000, reflecting Iraq's economic volatility.
- A lower PPP ratio indicates the Iraqi dinar has less purchasing power compared to the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Iraq (PPPTTLIQA618NUPN) measures the relative purchasing power of the Iraqi dinar compared to the U.S. dollar, providing insights into the country's economic development and trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for evaluating Iraq's standard of living, international competitiveness, and economic performance, which informs policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The 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 economists use this metric to assess Iraq's economic performance and make informed decisions regarding trade, investment, and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Iraq (PPPTTLIQA618NUPN), retrieved from FRED.