Purchasing Power Parity over GDP for Yemen
PPPTTLYEA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.89
Year-over-Year Change
280.17%
Date Range
1/1/1989 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Yemen measures the purchasing power of the Yemeni economy relative to the global average. It is an important indicator for assessing the standard of living and economic competitiveness in Yemen.
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' approach to determine the relative purchasing power of the countries' economies. The PPP over GDP ratio for Yemen provides insight into the country's economic development and cost of living compared to the global average.
Methodology
The data is calculated by the World Bank using price surveys and GDP statistics.
Historical Context
Policymakers and analysts use the Yemeni PPP over GDP ratio to evaluate the country's economic performance and living standards.
Key Facts
- Yemen's PPP over GDP ratio was 0.258 in 2020.
- A lower PPP over GDP ratio indicates lower purchasing power and a lower standard of living.
- The PPP over GDP ratio is used to adjust GDP for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP for Yemen measures the purchasing power of the Yemeni economy relative to the global average. It compares the cost of a standard basket of goods in Yemen to the worldwide average.
Q: Why is this trend relevant for users or analysts?
A: The PPP over GDP ratio for Yemen provides important insights into the country's economic development and living standards compared to other nations. It is a key indicator used by policymakers and economists to assess Yemen's economic competitiveness and the real purchasing power of its citizens.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and GDP statistics to determine the relative purchasing power of the Yemeni economy.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Yemeni PPP over GDP ratio to evaluate the country's economic performance, cost of living, and living standards compared to the global average. This helps inform policy decisions related to economic development, trade, and standards of living.
Q: Are there update delays or limitations?
A: The PPP over GDP data for Yemen may have update lags due to the challenging data collection environment in the country. Additionally, the accuracy of the calculations can be affected by factors like exchange rate fluctuations and price distortions.
Related Trends
Purchasing Power Parity over GDP for Singapore
PPPTTLSGA618NUPN
Purchasing Power Parity over GDP for Djibouti
PPPTTLDJA618NUPN
Purchasing Power Parity over GDP for Albania
PPPTTLALA618NUPN
Purchasing Power Parity over GDP for Namibia
PPPTTLNAA618NUPN
Purchasing Power Parity over GDP for Chile
PPPTTLCLA618NUPN
Purchasing Power Parity over GDP for Ecuador
PPPTTLECA618NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Yemen (PPPTTLYEA618NUPN), retrieved from FRED.