Purchasing Power Parity over GDP for Montenegro
PPPTTLMEA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
92.03%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Montenegro measures the purchasing power of the Montenegrin economy relative to the United States. This metric is important for economists and policymakers to assess the competitiveness and living standards of the Montenegrin 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 Montenegro provides insights into the real value of Montenegro's economic output and living standards compared to the U.S.
Methodology
The data is calculated by the World Bank using price surveys and GDP figures.
Historical Context
PPP data is used by economists, investors, and policymakers to evaluate exchange rates, cost of living, and international competitiveness.
Key Facts
- Montenegro's PPP over GDP ratio was 0.618 in 2020.
- A higher PPP ratio indicates a higher cost of living and purchasing power in Montenegro.
- PPP data is used to make more accurate international economic comparisons.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP for Montenegro measures the purchasing power of the Montenegrin economy relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: PPP data provides insights into the real value of Montenegro's economic output and living standards compared to the U.S., which is crucial for evaluating international competitiveness and cost of living.
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: PPP data is used by economists, investors, and policymakers to evaluate exchange rates, cost of living, and international competitiveness.
Q: Are there update delays or limitations?
A: The PPP over GDP data is published annually by the World Bank, so there may be a delay in the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Montenegro (PPPTTLMEA618NUPN), retrieved from FRED.