Purchasing Power Parity over GDP for Nicaragua
PPPTTLNIA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.63
Year-over-Year Change
110.84%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Nicaragua measures the ratio of a country's purchasing power parity (PPP) to its nominal GDP. This metric provides insights into 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
The Purchasing Power Parity over GDP for Nicaragua compares the country's purchasing power to its nominal GDP, offering a more accurate assessment of its economic conditions and living standards than GDP alone. Economists use this ratio to evaluate a country's cost of living and relative prosperity.
Methodology
The data is calculated by the World Bank using established PPP and GDP measurement techniques.
Historical Context
Policymakers and analysts monitor this trend to gauge Nicaragua's economic competitiveness and shape appropriate fiscal and monetary policies.
Key Facts
- Nicaragua's PPP/GDP ratio was 0.61 in 2021.
- This ratio has remained relatively stable over the past decade.
- A higher PPP/GDP ratio indicates a higher standard of living.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Nicaragua compares the country's purchasing power 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 allows for a more accurate assessment of Nicaragua's economic conditions and living standards than GDP alone, which is useful for policymakers and economists evaluating the country's competitiveness and prosperity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using established purchasing power parity and GDP measurement techniques.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge Nicaragua's economic competitiveness and shape appropriate fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and may be subject to revisions as measurement methodologies evolve.
Related Trends
Purchasing Power Parity over GDP for Swaziland
PPPTTLSZA618NUPN
Purchasing Power Parity over GDP for St. Lucia
PPPTTLLCA618NUPN
Purchasing Power Parity over GDP for Tunisia
PPPTTLTNA618NUPN
Purchasing Power Parity over GDP for Dominican Republic
PPPTTLDOA618NUPN
Purchasing Power Parity over GDP for Mauritania
PPPTTLMRA618NUPN
Purchasing Power Parity over GDP for Sri Lanka
PPPTTLLKA618NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Nicaragua (PPPTTLNIA618NUPN), retrieved from FRED.