Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Ghana
PCDGDPGHA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,596.82
Year-over-Year Change
100.90%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP)-adjusted domestic absorption per capita in Ghana, providing insight into the country's economic development and standard of living.
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 measure of the total consumption and investment within a country, adjusted for differences in purchasing power across countries. It offers a more comprehensive view of economic activity and living standards compared to GDP per capita alone.
Methodology
The data is calculated using the Geary-Khamis-CPDW (GEKS-CPDW) method, which accounts for price level differences between countries.
Historical Context
This metric is widely used by policymakers, international organizations, and analysts to compare economic performance and living standards across countries.
Key Facts
- Ghana's domestic absorption per capita was $5,336 in 2020.
- PPP-adjusted domestic absorption provides a more comprehensive view of economic activity than GDP per capita alone.
- The GEKS-CPDW method accounts for price level differences across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP)-adjusted domestic absorption per capita in Ghana, which represents the total consumption and investment within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a more comprehensive view of economic activity and living standards in Ghana compared to GDP per capita, as it accounts for differences in purchasing power across countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-CPDW (GEKS-CPDW) method, which adjusts for price level differences between countries.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, international organizations, and analysts to compare economic performance and living standards across countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of underlying sources, and may have update delays or limitations in coverage or scope.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Ghana (PCDGDPGHA620NUPN), retrieved from FRED.