Purchasing Power Parity over GDP for Samoa
PPPTTLWSA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.06
Year-over-Year Change
15.89%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Samoa measures the relative purchasing power of the Samoan economy compared to the global average. This metric is important for economists and policymakers to assess Samoa's economic competitiveness and standard 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 measures the relative purchasing power of different currencies over comparable goods and services. The PPP over GDP ratio for Samoa compares Samoa's GDP at PPP to its nominal GDP, providing insights into the country's cost of living and economic development.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers use this metric to evaluate Samoa's economic performance and living standards relative to other countries.
Key Facts
- Samoa's PPP over GDP ratio was 0.618 in 2020.
- A higher PPP over GDP ratio indicates a lower cost of living in the country.
- The PPP over GDP ratio is used to adjust GDP for international comparisons.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Samoa measures the relative purchasing power of the Samoan economy compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Samoa's cost of living and economic development, which is important for evaluating the country's economic competitiveness and standard of living.
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 use this metric to evaluate Samoa's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Samoa (PPPTTLWSA618NUPN), retrieved from FRED.