Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Mali
PC2GDPMLA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,169.76
Year-over-Year Change
63.70%
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 Mali. It provides a standardized measure of economic output and living standards across countries.
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 between countries, allowing for more accurate cross-country comparisons of economic activity and living standards. Economists and policymakers use this indicator to evaluate Mali's economic development and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local GDP values to a common currency.
Historical Context
This indicator helps inform policy decisions and analysis of Mali's economic performance and potential.
Key Facts
- Mali's PPP-adjusted GDP per capita was $2,340 in 2021.
- Mali's GDP per capita is low compared to the global average.
- PPP adjustments help account for cost-of-living differences across countries.
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 Mali, providing a standardized measure of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers use this indicator to evaluate Mali's economic development and living standards relative to other nations, helping inform policy decisions and analysis of Mali's economic performance.
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 GDP values to a common currency.
Q: How is this trend used in economic policy?
A: This indicator helps inform policy decisions and analysis of Mali's economic performance and potential.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have some time lags or limitations in coverage.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Cambodia
PC2GDPKHA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Benin
PCDGDPBJA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Slovenia
PCDGDPSIA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Macedonia
PPCGDPMKA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Finland
PCDGDPFIA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Botswana
PC2GDPBWA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Mali (PC2GDPMLA620NUPN), retrieved from FRED.