Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Djibouti
PC2GDPDJA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,894.35
Year-over-Year Change
58.47%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Djibouti, providing insights into the country's standard of living and economic development.
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 Purchasing Power Parity (PPP) Converted GDP Per Capita metric adjusts the total GDP of a country by its purchasing power to enable cross-country comparisons of living standards and economic productivity.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis aggregation method.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across nations.
Key Facts
- Djibouti's PPP-adjusted GDP per capita was $3,522 in 2021.
- This metric adjusts for price level differences between countries.
- It provides a more accurate comparison of living standards than unadjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Djibouti, providing insights into the country's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across nations, enabling more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis aggregation method.
Q: How is this trend used in economic policy?
A: This indicator is used by economists, policymakers, and international organizations to assess a country's economic development, living standards, and productivity, informing policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is published with a time lag, and there may be limitations in cross-country comparisons due to differences in data collection and methodology across nations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Djibouti (PC2GDPDJA620NUPN), retrieved from FRED.