Purchasing Power Parity, Share of World for St. Vincent and the Grenadines
SVGPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-17.80%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'Purchasing Power Parity, Share of World for St. Vincent and the Grenadines' measures the relative economic size of St. Vincent and the Grenadines compared to the global economy using purchasing power parity.
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 economic indicator tracks the purchasing power parity-adjusted share of global GDP represented by St. Vincent and the Grenadines. Policymakers and analysts use this data to understand the country's economic weight and growth trajectory within the international economic system.
Methodology
The data is calculated by the World Bank using exchange rates and price levels.
Historical Context
This indicator provides insight into St. Vincent and the Grenadines' role in the global economy.
Key Facts
- St. Vincent and the Grenadines accounts for 0.003% of global GDP.
- The country's GDP share has remained relatively stable over the past decade.
- Purchasing power parity adjusts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the share of global GDP represented by St. Vincent and the Grenadines, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the relative economic size and importance of St. Vincent and the Grenadines within the global economy.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using exchange rates and price levels to account for differences in purchasing power across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand St. Vincent and the Grenadines' role in the international economic system and monitor its economic growth and development.
Q: Are there update delays or limitations?
A: This data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for St. Vincent and the Grenadines (SVGPPPSH), retrieved from FRED.