Purchasing Power Parity over GDP for Qatar
PPPTTLQAA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.61
Year-over-Year Change
37.79%
Date Range
1/1/1986 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Qatar measures the relative purchasing power of the Qatari riyal compared to the U.S. dollar, providing insights into the true economic strength and living standards of Qatar.
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
This economic indicator compares the purchasing power of the Qatari currency to the U.S. dollar, adjusting for differences in price levels between the two countries. It is a useful metric for evaluating the real standard of living and international competitiveness of the Qatari economy.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers and international organizations use this metric to assess Qatar's economic performance and living standards relative to other countries.
Key Facts
- Qatar has one of the highest GDP per capita in the world.
- The Qatari riyal has a higher purchasing power than the U.S. dollar within Qatar.
- Purchasing power parity is an important factor in assessing the true living standards of Qatari citizens.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Qatar measures the relative purchasing power of the Qatari currency compared to the U.S. dollar, adjusting for differences in price levels between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the true economic strength and living standards of Qatar, which is crucial for policymakers and international organizations assessing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to evaluate Qatar's economic performance and living standards relative to other countries, informing policy decisions and assessments.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank, and there may be lags in data availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Qatar (PPPTTLQAA618NUPN), retrieved from FRED.