Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Zambia
PC2GDPZMA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,432.38
Year-over-Year Change
195.83%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Zambia, providing a standardized metric to compare 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 represents the total economic output of a country divided by its population, adjusted for differences in purchasing power across economies. This is a key indicator used by economists and policymakers to assess a country's economic development and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to adjust for price level differences.
Historical Context
This metric is widely referenced in international economic analyses and policy discussions.
Key Facts
- Zambia's PPP-adjusted GDP per capita was $2,103 in 2021.
- This metric adjusts for price level differences to enable cross-country comparisons.
- PPP GDP per capita is a key indicator of a country's economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Zambia, which adjusts the total economic output of the country for its population size and differences in price levels across economies.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a widely used metric for comparing living standards and economic development across countries, providing a more accurate picture than unadjusted GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This metric is referenced extensively in international economic analyses and policy discussions, as it enables more accurate comparisons of living standards and economic development across countries.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with some potential delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Zambia (PC2GDPZMA620NUPN), retrieved from FRED.