Gross Domestic Product Per Capita for Comoros
PCAGDPKMA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,784.12
Year-over-Year Change
19.71%
Date Range
1/1/1980 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per capita for Comoros measures the economic output per person in the country. It is a key indicator of a nation's standard of living and economic development.
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
GDP per capita is calculated by dividing a country's total economic output by its population. It provides a more accurate picture of a country's prosperity than just the overall GDP, as it accounts for differences in population size.
Methodology
This data is collected and calculated by the World Bank using national accounts information.
Historical Context
GDP per capita is widely used by policymakers, economists, and investors to analyze a country's economic performance and forecast future growth.
Key Facts
- Comoros' GDP per capita was $1,305 in 2021.
- GDP per capita has grown by 23% in Comoros over the past decade.
- Comoros is classified as a lower-middle-income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Comoros divided by its population, providing a gauge of the country's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used metric that allows for comparisons of economic prosperity between countries and over time. It is crucial for policymakers, investors, and economists analyzing a nation's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: GDP per capita is used by policymakers, economists, and investors to assess a country's level of economic development, forecast future growth, and make informed decisions about investments and resource allocation.
Q: Are there update delays or limitations?
A: The World Bank typically publishes GDP per capita data for Comoros with a 1-2 year lag. The data may also be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Comoros (PCAGDPKMA646NWDB), retrieved from FRED.