Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Chad
PC2GDPTDA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,876.78
Year-over-Year Change
241.99%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per capita for Chad, providing insights into the country's economic development and living standards.
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) GDP per capita is a key metric used to compare the economic output and living standards across countries, adjusting for differences in prices and cost of living. This data series provides the average PPP-converted GDP per capita for Chad, allowing for more accurate international comparisons.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert national accounts data into a common currency.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic performance and living standards globally.
Key Facts
- Chad's PPP-adjusted GDP per capita was $1,895 in 2021.
- This metric has grown by an average of 1.5% per year over the past decade.
- Chad ranks 162nd globally in terms of PPP 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 Chad, providing insights into the country's economic development and living standards.
Q: Why is this trend relevant for users or analysts?
A: PPP GDP per capita is a widely used metric for comparing economic output and living standards across countries, allowing for more accurate international comparisons adjusting for differences in prices and cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert national accounts data into a common currency.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to assess economic performance and living standards globally, informing policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a slight delay in availability compared to the reference year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Chad (PC2GDPTDA620NUPN), retrieved from FRED.