Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Tanzania
PC2GDPTZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,357.05
Year-over-Year Change
133.92%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Tanzania, providing insight into the country's standard of living and economic productivity.
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 international comparisons of economic output and living standards. It is a key indicator used by economists and policymakers to assess a country's development and growth.
Methodology
The data is calculated by the World Bank using the Geary Khamis (GEKS-CPDW) method.
Historical Context
This metric informs analyses of Tanzania's economic performance and helps guide policy decisions.
Key Facts
- Tanzania's PPP-converted GDP per capita was $3,506 in 2021.
- The country's PPP-adjusted GDP per capita is about 8.5% of the U.S. level.
- Tanzania's PPP-converted GDP per capita has grown by over 50% since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP) converted GDP per capita for Tanzania, providing a standardized comparison of economic output and living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key indicator used by economists and policymakers to assess a country's development and growth, as it accounts for differences in price levels between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary Khamis (GEKS-CPDW) method, which adjusts for differences in price levels across countries.
Q: How is this trend used in economic policy?
A: This metric informs analyses of Tanzania's economic performance and helps guide policy decisions related to economic development, living standards, and international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the World Bank's reporting.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Tanzania (PC2GDPTZA620NUPN), retrieved from FRED.