Purchasing Power Parity over GDP for Serbia
PPPTTLRSA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.19
Year-over-Year Change
866.81%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Serbia measures the ratio of a country's purchasing power parity to its nominal GDP, providing insights into the relative strength of its 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
This indicator compares the purchasing power of the Serbian dinar to the US dollar, offering a more accurate assessment of Serbia's economic output and living standards compared to simple exchange rate comparisons.
Methodology
The data is calculated by the World Bank using a complex methodology involving surveys and statistical modeling.
Historical Context
Policymakers and analysts use this metric to evaluate Serbia's economic competitiveness and living standards relative to other countries.
Key Facts
- Serbia's PPP over GDP ratio was 0.57 in 2021.
- This indicates Serbia's living standards are lower than its nominal GDP suggests.
- The PPP ratio has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the ratio of Serbia's purchasing power parity to its nominal GDP, providing insights into the relative strength of its economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator offers a more accurate assessment of Serbia's economic output and living standards compared to simple exchange rate comparisons, helping policymakers and analysts evaluate the country's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a complex methodology involving surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Serbia's economic competitiveness and living standards relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Serbia (PPPTTLRSA618NUPN), retrieved from FRED.