Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Fiji
PCDGDPFJA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,603.25
Year-over-Year Change
70.40%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Fiji's per capita domestic absorption adjusted for purchasing power parity. It provides insights into the country'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
Purchasing power parity (PPP) conversion adjusts for differences in price levels between countries, allowing more accurate comparisons of economic activity and living standards. This PPP-adjusted domestic absorption per capita metric gives a comprehensive view of Fiji's consumption, investment, and government spending.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to compare price levels across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate Fiji's economic performance and development progress.
Key Facts
- Fiji's PPP-adjusted domestic absorption per capita was $6,997 in 2020.
- This metric has grown by an average of 2.3% annually over the past decade.
- Fiji's domestic absorption is dominated by household consumption, at around 75% of GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Fiji's per capita domestic absorption, which includes household consumption, government spending, and investment. It is adjusted for purchasing power parity to enable cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of Fiji's economic activity and living standards, helping analysts and policymakers evaluate the country's development progress and living conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to compare price levels across countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Fiji's economic performance and formulate policies to promote sustainable development and improved living standards.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical delay of 1-2 years. Limitations include potential differences in data collection and reporting across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Fiji (PCDGDPFJA620NUPN), retrieved from FRED.