Constant GDP per capita for Zimbabwe
NYGDPPCAPKDZWE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,420.80
Year-over-Year Change
4.51%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Zimbabwe measures the total economic output per person in the country, adjusted for inflation. This metric is important for economists and policymakers to assess Zimbabwe's standard of living and overall economic health.
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 key indicator of a country's economic development and the wellbeing of its population. It provides a more accurate picture of a nation's prosperity than raw GDP by accounting for population size and inflation.
Methodology
The data is calculated by the World Bank using Zimbabwe's total GDP and population figures.
Historical Context
Constant GDP per capita is widely used to compare economic performance across countries and over time.
Key Facts
- Zimbabwe's constant GDP per capita was $762 in 2021.
- GDP per capita has declined by over 50% in Zimbabwe since 2000.
- Zimbabwe has experienced hyperinflation and economic crises in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Zimbabwe measures the total economic output per person in the country, adjusted for inflation.
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 the wellbeing of its population, providing a more accurate picture of a nation's prosperity than raw GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Zimbabwe's total GDP and population figures.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is widely used by economists and policymakers to compare economic performance across countries and over time.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reliability of GDP and population statistics from Zimbabwe.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Zimbabwe (NYGDPPCAPKDZWE), retrieved from FRED.