Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Maldives
PC2GDPMVA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,751.20
Year-over-Year Change
83.13%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Maldives. It provides a standardized metric for comparing economic productivity 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 stat adjusts for differences in price levels between nations, allowing for more accurate cross-country comparisons of economic output and living standards. It is a key indicator used by economists, policymakers, and international organizations to evaluate development and living conditions.
Methodology
The data is calculated based on GDP figures and purchasing power parity conversion factors.
Historical Context
This metric is widely referenced in analysis of global economic trends and policy discussions.
Key Facts
- Maldives' PPP-adjusted GDP per capita was $23,401 in 2021.
- Maldives ranks 59th globally in PPP GDP per capita.
- GDP per capita is a key measure of a country's economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Maldives, which adjusts for differences in price levels to allow more accurate cross-country comparisons of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a widely used metric for evaluating a country's economic development and living conditions in comparison to other nations.
Q: How is this data collected or calculated?
A: The data is calculated based on GDP figures and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is referenced extensively in analysis of global economic trends and policy discussions related to economic development and living standards.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the methodology for calculating PPP adjustments can vary across sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Maldives (PC2GDPMVA620NUPN), retrieved from FRED.