Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Cuba
PCDGDPCUA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,901.69
Year-over-Year Change
111.16%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) adjusted domestic absorption per capita for Cuba, which is a key indicator of economic well-being and living standards in the country.
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 per capita is a macroeconomic indicator that represents the total expenditure on final goods and services within a country, divided by the population. The PPP adjustment allows for cross-country comparisons by accounting for differences in price levels.
Methodology
The data is calculated by the World Bank using national accounts statistics and PPP conversion factors.
Historical Context
This metric is widely used by economists and policymakers to evaluate economic development and living standards across countries.
Key Facts
- Cuba's PPP-adjusted domestic absorption per capita was $7,302 in 2021.
- This metric has grown by an average of 1.8% per year over the past decade in Cuba.
- Cuba ranks 93rd globally in terms of PPP-adjusted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted domestic absorption per capita for Cuba, which represents the total expenditure on final goods and services within the country, divided by the population.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate economic development and living standards across countries, as it provides a standardized way to compare household consumption and investment levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall economic well-being and development progress of Cuba compared to other countries, which can inform policy decisions and aid allocation.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Cuba (PCDGDPCUA620NUPN), retrieved from FRED.