Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Equatorial Guinea
PC2GDPGQA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,648.30
Year-over-Year Change
795.51%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Equatorial Guinea. It provides insights into the country's economic development and standard of living.
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 is a measure that adjusts a country's GDP to account for differences in purchasing power across countries. This allows for more accurate comparisons of living standards and economic productivity between nations.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and inform policy decisions.
Key Facts
- Equatorial Guinea's PPP-converted GDP per capita was $20,443 in 2021.
- The country's economy is heavily dependent on oil and gas production.
- GDP per capita in Equatorial Guinea is among the highest in Africa.
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 Equatorial Guinea, which adjusts the country's GDP to account for differences in purchasing power across 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 performance and living standards, and to make more accurate comparisons between countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to assess a country's economic development, inform policy decisions, and make comparisons between countries.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the World Bank, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Equatorial Guinea (PC2GDPGQA620NUPN), retrieved from FRED.