Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Afghanistan
PCDGDPAFA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,525.83
Year-over-Year Change
178.75%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Afghanistan, providing insights into the country's economic well-being and consumption patterns.
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
Domestic absorption is the total expenditure on final goods and services within a country, including consumption, investment, and government spending. This PPP-adjusted metric allows for cross-country comparisons by accounting for differences in price levels.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis method to determine PPP conversion factors.
Historical Context
This trend is widely used by economists and policymakers to evaluate Afghanistan's economic development and living standards relative to other nations.
Key Facts
- Afghanistan's domestic absorption per capita was $2,103 in 2020.
- PPP conversion factors account for differences in price levels across countries.
- Domestic absorption includes consumption, investment, and government spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Afghanistan, which represents the total expenditure on final goods and services within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Afghanistan's economic development and living standards relative to other countries, as the PPP adjustment allows for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis method to determine PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to assess Afghanistan's economic performance and living standards, which can inform policy decisions related to economic development and international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of information provided by the World Bank, which may result in occasional update delays or limitations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Afghanistan (PCDGDPAFA620NUPN), retrieved from FRED.