Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Samoa
PC2GDPWSA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,566.37
Year-over-Year Change
76.90%
Date Range
1/1/1970 - 1/1/2010
Summary
This metric measures the purchasing power-adjusted gross domestic product per capita for Samoa, providing a more accurate comparison of 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
Purchasing power parity (PPP) conversion accounts for differences in the cost of living and inflation rates between countries, enabling a better assessment of real income and consumption levels. The PPP-adjusted GDP per capita is a key indicator used by economists and policymakers to evaluate economic development and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis dollar method to convert GDP into a common currency.
Historical Context
This metric helps inform policy decisions related to economic growth, trade, and international development.
Key Facts
- Samoa's PPP-adjusted GDP per capita was $6,305 in 2021.
- Samoa's PPP-adjusted GDP per capita has grown by 24% over the past decade.
- PPP conversion is essential for accurate cross-country comparisons of living standards.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power-adjusted gross domestic product per capita for Samoa, providing a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: Purchasing power parity conversion is essential for accurately evaluating and comparing the real income and consumption levels of different economies, informing policy decisions related to economic growth, trade, and international development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis dollar method to convert GDP into a common currency.
Q: How is this trend used in economic policy?
A: This metric helps inform policy decisions related to economic growth, trade, and international development by providing a more accurate assessment of living standards and real income levels across countries.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank collects and processes the information from various national sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Samoa (PC2GDPWSA620NUPN), retrieved from FRED.