Purchasing Power Parity over GDP for Cambodia
PPPTTLKHA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,332.61
Year-over-Year Change
2.05%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Cambodia measures the ratio of a country's purchasing power parity to its nominal GDP. This metric provides insights into a nation'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 different countries' currencies through a 'basket' of goods, adjusting for price level differences. The PPP to GDP ratio indicates how a country's living standards and prices compare to the global average.
Methodology
The data is calculated by the World Bank using price surveys and national accounts statistics.
Historical Context
This metric is used by economists and policymakers to evaluate a country's economic performance and make international comparisons.
Key Facts
- Cambodia's PPP to GDP ratio was 0.618 in 2020.
- A higher ratio indicates a country's prices and living standards are below the global average.
- The PPP to GDP ratio is an important metric for assessing economic progress in developing nations.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Cambodia measures the ratio of the country's purchasing power parity to its nominal GDP, providing insights into its standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate a country's economic performance and make international comparisons of living standards and prices.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts statistics.
Q: How is this trend used in economic policy?
A: The PPP to GDP ratio is an important indicator for assessing economic progress and living standards, especially in developing countries like Cambodia.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential lags in availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Cambodia (PPPTTLKHA618NUPN), retrieved from FRED.