Purchasing Power Parity over GDP for Seychelles
PPPTTLSCA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.68
Year-over-Year Change
64.42%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Seychelles measures the country's price level relative to the United States. It is an important economic indicator for understanding Seychelles' competitiveness and cost of living.
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. The PPP over GDP ratio for Seychelles provides insight into the island nation's standard of living and trade dynamics compared to the U.S.
Methodology
The data is calculated by the World Bank using price surveys and GDP figures.
Historical Context
Policy analysts and investors use this PPP ratio to assess Seychelles' economic performance and development.
Key Facts
- Seychelles' PPP over GDP ratio was 0.597 in 2021.
- This indicates Seychelles' price level is about 60% of the U.S.
- The PPP ratio has gradually declined from 0.700 in 2000.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Seychelles measures the country's price level relative to the United States. It compares the cost of a 'basket' of goods in Seychelles versus the U.S.
Q: Why is this trend relevant for users or analysts?
A: This PPP ratio provides important insights into Seychelles' standard of living, trade competitiveness, and economic development compared to the global benchmark of the United States.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and GDP figures for Seychelles and the U.S.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Seychelles PPP over GDP ratio to assess the island nation's cost of living, trade dynamics, and overall economic performance relative to the U.S. and other countries.
Q: Are there update delays or limitations?
A: The PPP data is published annually by the World Bank with a lag of 1-2 years, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Seychelles (PPPTTLSCA618NUPN), retrieved from FRED.