Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Algeria
PC2GDPDZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,360.02
Year-over-Year Change
126.90%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Algeria. It provides a more accurate representation of living standards and economic development compared to unadjusted GDP.
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 metric accounts for differences in price levels across countries, allowing for better cross-country comparisons of economic activity and living standards. It is a key statistic used by economists, policymakers, and international organizations to evaluate economic performance and progress.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This trend is widely referenced in macroeconomic analysis, international development, and cross-country policy discussions.
Key Facts
- Algeria's PPP-adjusted GDP per capita was $13,041 in 2021.
- PPP conversion accounts for cost-of-living differences across countries.
- The PPP metric provides a more accurate assessment of living standards than nominal GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Algeria, providing a more accurate representation of living standards and economic development compared to unadjusted GDP.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric is a key statistic used by economists, policymakers, and international organizations to evaluate economic performance and progress, as it allows for better cross-country comparisons of economic activity and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in macroeconomic analysis, international development, and cross-country policy discussions, as it provides a more accurate assessment of economic performance and living standards.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delay in the most recent year's information being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Algeria (PC2GDPDZA620NUPN), retrieved from FRED.