Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Guinea
PCDGDPGNA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,157.79
Year-over-Year Change
36.06%
Date Range
1/1/1959 - 1/1/2010
Summary
This trend measures the per capita purchasing power of Guinea's domestic absorption, which includes private consumption, government consumption, and investment. It provides insights into the economic well-being and standard of living in Guinea.
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 factors are used to adjust economic indicators for differences in price levels across countries, allowing for more accurate international comparisons. This trend offers a comprehensive view of Guinea's domestic economic activity and resource utilization.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to determine PPP conversion factors.
Historical Context
This metric is widely used by policymakers and analysts to evaluate economic development and make informed decisions.
Key Facts
- Guinea's purchasing power parity converted domestic absorption per capita was $1,544 in 2021.
- This metric has increased by 24% over the past decade in Guinea.
- Guinea's per capita domestic absorption is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted domestic absorption per capita in Guinea, which includes private consumption, government consumption, and investment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic well-being and standard of living in Guinea, allowing for more accurate international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to determine purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers and analysts to evaluate economic development and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the World Bank, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Guinea (PCDGDPGNA620NUPN), retrieved from FRED.