Purchasing Power Parity over GDP for Chad
PPPTTLTDA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213.99
Year-over-Year Change
-18.89%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Chad measures the purchasing power of the Chadian currency relative to the U.S. dollar. It is an important indicator for understanding the true economic output and living standards in Chad.
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 and measurement technique that allows for more accurate international comparisons of economic output, income, and living standards. The PPP over GDP ratio for Chad provides insights into the real value of the country's economic production.
Methodology
The data is calculated by the World Bank using price surveys and other statistical methods.
Historical Context
Policymakers and economists use PPP measures to evaluate economic performance and living standards across countries.
Key Facts
- Chad's PPP over GDP ratio was 0.33 in 2020.
- This indicates Chad's currency has lower purchasing power compared to the U.S. dollar.
- PPP measures are used to adjust GDP for price level differences across countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP for Chad measures the purchasing power of the Chadian currency relative to the U.S. dollar, providing insights into the real value of Chad's economic output.
Q: Why is this trend relevant for users or analysts?
A: PPP measures allow for more accurate international comparisons of economic performance and living standards, which is crucial for policymakers and economists analyzing global economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and other statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists use PPP measures to evaluate and compare the economic output and living standards across different countries.
Q: Are there update delays or limitations?
A: The data is published by the World Bank with some delay, and may be subject to revisions or missing observations for certain countries or time periods.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Chad (PPPTTLTDA618NUPN), retrieved from FRED.