Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Guyana
PCDGDPGYA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,629.72
Year-over-Year Change
124.35%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Guyana. It provides insights into the overall economic well-being and standard of living within 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
The Purchasing Power Parity Converted Domestic Absorption Per Capita metric represents the average level of goods and services consumed and invested within Guyana, adjusted for differences in price levels across countries. This data point is a key indicator for analyzing economic development and cross-country comparisons.
Methodology
The data is calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc - Consumption Purchasing Power Parity and Domestic Absorption) method.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess a country's economic performance and living standards.
Key Facts
- Guyana's PPP Converted Domestic Absorption Per Capita was $7,301 in 2020.
- This metric has grown by an average of 3.2% annually over the past decade.
- Guyana's PPP Converted Domestic Absorption Per Capita is below the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Guyana. It represents the average level of goods and services consumed and invested within the country, adjusted for differences in price levels.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic development and living standards in Guyana. It allows for cross-country comparisons and insights into the overall economic well-being and consumption patterns within the country.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc - Consumption Purchasing Power Parity and Domestic Absorption) method.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess a country's economic performance and living standards, which informs policy decisions and comparisons.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available. Additionally, the methodology used to calculate the PPP conversion factors may have certain limitations in cross-country comparisons.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Guyana (PCDGDPGYA620NUPN), retrieved from FRED.