Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Gabon
PC2GDPGAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,075.56
Year-over-Year Change
84.69%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures Gabon's purchasing power parity-adjusted GDP per capita, which reflects the average standard of living. It is a key metric for international economic comparisons.
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
Purchasing power parity (PPP) conversion accounts for price level differences across countries, providing a more accurate comparison of real living standards than market exchange rates. The GEKS-CPDW method is a sophisticated PPP calculation used by the World Bank.
Methodology
The data is collected and calculated by the World Bank using national accounts and price survey information.
Historical Context
This metric is widely used by economists, policymakers, and investors to assess a country's economic development and living standards.
Key Facts
- Gabon's 2021 GDP per capita (PPP) was $15,126.
- Gabon is classified as an upper-middle income country by the World Bank.
- GDP per capita (PPP) is a key metric for assessing a country's economic development.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Gabon's GDP per capita adjusted for purchasing power parity, which provides a more accurate comparison of living standards across countries than using market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita (PPP) is a widely used metric for evaluating a country's economic development and living standards, allowing meaningful international comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and detailed price surveys across countries.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors utilize this metric to assess Gabon's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to periodic revisions by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Gabon (PC2GDPGAA620NUPN), retrieved from FRED.