Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for United Arab Emirates
PCDGDPAEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65,548.37
Year-over-Year Change
56.54%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for the United Arab Emirates. It provides insights into the country's overall economic well-being 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
The PPP-converted domestic absorption per capita metric represents the total expenditure on goods and services within the UAE, adjusted for differences in purchasing power across countries. It serves as a comprehensive indicator of the UAE's economic development and standard of living.
Methodology
The data is calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc-Caves-Christensen-Palda-Woolford) method to convert domestic absorption to a common international currency.
Historical Context
This trend is widely used by economists and policymakers to evaluate the UAE's economic performance and make cross-country comparisons.
Key Facts
- The UAE has one of the highest PPP-converted domestic absorption per capita in the Middle East region.
- This metric has grown steadily in the UAE over the past decade, reflecting the country's economic expansion.
- Domestic absorption accounts for over 80% of the UAE's gross domestic product (GDP).
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for the United Arab Emirates. It represents the total expenditure on goods and services within the country, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the UAE's overall economic well-being and living standards. It is widely used by economists and policymakers to evaluate the country's economic performance and make cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc-Caves-Christensen-Palda-Woolford) method to convert domestic absorption to a common international currency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the UAE's economic development, identify areas for improvement, and make informed decisions regarding economic policies and resource allocation.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, with a potential delay of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for United Arab Emirates (PCDGDPAEA620NUPN), retrieved from FRED.