Constant GDP per capita for Guinea
NYGDPPCAPKDGIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,049.08
Year-over-Year Change
45.81%
Date Range
1/1/1970 - 1/1/2024
Summary
The Constant GDP per capita for Guinea measures the total economic output divided by the population, adjusted for inflation. This metric provides insight into the standard of living and productivity of the Guinean economy.
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
Constant GDP per capita is a widely used economic indicator that reflects the average income or living standard in a country. It is calculated by dividing the country's real (inflation-adjusted) GDP by its total population, providing a gauge of economic well-being and development.
Methodology
The data is collected and calculated by the World Bank using national accounts and population data.
Historical Context
Constant GDP per capita is a key input for policymakers and analysts assessing a country's economic performance and progress.
Key Facts
- Guinea's constant GDP per capita was $869 in 2021.
- Guinea's GDP per capita has grown by 31% over the past decade.
- Constant GDP per capita is an inflation-adjusted measure of economic output per person.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Guinea measures the total economic output of the country divided by its population, adjusted for inflation. This provides a gauge of the average standard of living and productivity in Guinea.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a key indicator of a country's economic development and living standards. It is widely used by policymakers, economists, and analysts to assess a nation's economic performance and progress over time.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is a critical input for policymakers and institutions analyzing a country's economic conditions, informing decisions on fiscal, monetary, and development policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Use of Financial Services: Number of Depositors at Credit Unions and Financial Cooperatives for Guinea
GINFCDODUPENUM
Net Issues of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Guinea
IDSNFAMRINIGN
Literacy Rate, Adult Total for Guinea
SEADTLITRZSGIN
Inflation, consumer prices for Guinea
FPCPITOTLZGGIN
Number of Identified Exporters to Guinea from Colorado
COGINA475SCEN
Official External Debt: Debtor Based for Guinea
GINDGGDPPT
Citation
U.S. Federal Reserve, Constant GDP per capita for Guinea (NYGDPPCAPKDGIN), retrieved from FRED.