Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Angola
PC2GDPAOA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,069.63
Year-over-Year Change
217.72%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Angola. It provides a standardized metric for comparing economic output and living standards across countries.
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
The PPP-converted GDP per capita series adjusts the raw GDP figures to account for differences in prices and purchasing power between countries, enabling more accurate international comparisons. This data point is widely used by economists, policymakers, and international organizations to evaluate economic development and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'International Comparison Program' methodology.
Historical Context
This metric is crucial for informing economic policies, foreign investment decisions, and global development initiatives.
Key Facts
- Angola's PPP-adjusted GDP per capita was $6,590 in 2021.
- This metric has grown by an average of 2.5% annually over the past decade.
- Angola's PPP GDP per capita is approximately 25% of the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Angola, which adjusts the raw GDP figures to account for differences in prices and purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic development and living standards, as it enables more accurate international comparisons of economic output and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis 'International Comparison Program' methodology.
Q: How is this trend used in economic policy?
A: This metric is crucial for informing economic policies, foreign investment decisions, and global development initiatives, as it provides a standardized way to compare economic output and living standards across countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be some lags in the availability of the most recent figures.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Belarus
PC2GDPBYA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Netherlands
PCDGDPNLA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Zambia
PC2GDPZMA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Mongolia
PC2GDPMNA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Afghanistan
PCDGDPAFA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Algeria
PC2GDPDZA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Angola (PC2GDPAOA620NUPN), retrieved from FRED.