Constant GDP per capita for Sri Lanka
NYGDPPCAPKDLKA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,186.50
Year-over-Year Change
20.14%
Date Range
1/1/1961 - 1/1/2024
Summary
This economic trend measures the constant gross domestic product (GDP) per capita for Sri Lanka, which is a key indicator of a country's economic development and living standards.
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 tracks the total economic output of a country adjusted for population size and inflation, providing a standardized measure of a nation's economic well-being over time. It is widely used by economists, policymakers, and analysts to assess a country's economic progress and compare living standards across nations.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Trends in constant GDP per capita are closely monitored to inform economic and social policies.
Key Facts
- Sri Lanka's constant GDP per capita was $4,079 in 2021.
- GDP per capita growth in Sri Lanka averaged 4.3% from 2000 to 2021.
- Sri Lanka's constant GDP per capita is below the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Sri Lanka adjusted for population size and inflation, providing a standardized metric of the country's economic well-being and living standards over time.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a widely used indicator that allows economists, policymakers, and analysts to assess a country's economic progress and compare living standards across nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Trends in constant GDP per capita are closely monitored to inform economic and social policies, as they provide insights into a country's overall economic development and living standards.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with some potential delays in data reporting and publication.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Sri Lanka (NYGDPPCAPKDLKA), retrieved from FRED.