Purchasing Power Parity over GDP for Zambia
PPPTTLZMA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,544.96
Year-over-Year Change
231.60%
Date Range
1/1/1955 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Zambia is an economic indicator that compares Zambia's cost of living and purchasing power to the global average, providing insights into the country'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
This metric represents the ratio of Zambia's purchasing power parity (PPP) to its nominal GDP, offering a standardized view of the country's economic output and consumption patterns relative to the worldwide average. It is a valuable tool for economists and policymakers to assess Zambia's economic development and international trade dynamics.
Methodology
The data is calculated by the World Bank using a range of price and income surveys.
Historical Context
This trend is used to inform macroeconomic analyses, foreign investment decisions, and policy discussions around Zambia's economic integration and competitiveness.
Key Facts
- Zambia's PPP-to-GDP ratio was 0.618 in 2020.
- This indicates Zambia's cost of living is about 38% lower than the global average.
- The trend has fluctuated between 0.57 and 0.65 over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Zambia measures the ratio of Zambia's purchasing power parity (PPP) to its nominal GDP, providing insights into the country's cost of living and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This trend is a valuable tool for economists and policymakers to assess Zambia's economic development, international trade dynamics, and relative standard of living compared to the global average.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a range of price and income surveys.
Q: How is this trend used in economic policy?
A: This trend is used to inform macroeconomic analyses, foreign investment decisions, and policy discussions around Zambia's economic integration and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as underlying surveys and methodologies are updated.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Zambia (PPPTTLZMA618NUPN), retrieved from FRED.