Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Morocco
PC2GDPMAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,070.45
Year-over-Year Change
87.84%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Morocco, providing insight into the country's economic development and living standards relative to other nations.
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 adjusts for differences in price levels across countries, allowing for more accurate comparisons of economic output and living standards. This data is widely used by economists, policymakers, and international organizations to evaluate economic performance and guide policy decisions.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP figures into a common unit.
Historical Context
This metric is a key indicator for assessing a country's economic progress and living conditions relative to its global peers.
Key Facts
- Morocco's PPP-converted GDP per capita was $7,284 in 2021.
- This metric has grown by an average of 3.2% annually over the past decade.
- Morocco ranks 108th globally in terms of PPP-converted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Morocco, which adjusts the country's economic output for differences in domestic price levels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic development across countries, as it accounts for variations in domestic prices and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP figures into a common unit based on purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to evaluate a country's economic performance and living conditions relative to its global peers, informing policy decisions and development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Morocco (PC2GDPMAA620NUPN), retrieved from FRED.