Purchasing Power Parity over GDP for Sierra Leone
PPPTTLSLA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,658.22
Year-over-Year Change
90.42%
Date Range
1/1/1961 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Sierra Leone measures the country's economic productivity and living standards relative to the United States. It is a key indicator used by economists and policymakers to assess a nation's competitiveness and potential for growth.
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 Sierra Leone provides insights into the real purchasing power of its citizens and how this compares to the U.S. as a global benchmark.
Methodology
The data is calculated by the World Bank using exchange rates and price levels across a range of goods and services.
Historical Context
Analysts and policymakers use this metric to inform decisions around trade, investment, and economic development strategies.
Key Facts
- Sierra Leone's PPP over GDP ratio was 0.618 in 2020.
- This places Sierra Leone's living standards at around 62% of the U.S. level.
- The PPP ratio has fluctuated between 0.55 and 0.65 over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Sierra Leone measures the country's economic productivity and living standards relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Sierra Leone's real purchasing power and competitiveness, which is valuable for informing trade, investment, and economic development decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels across a range of goods and services.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess a nation's economic competitiveness and potential for growth, which informs decisions around trade, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The PPP over GDP data is published annually with a lag, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Sierra Leone (PPPTTLSLA618NUPN), retrieved from FRED.