Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Iraq
PCDGDPIQA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,257.90
Year-over-Year Change
140.79%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Iraq. It provides insights into the real economic activity and living standards 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
Domestic absorption per capita is a key macroeconomic indicator that captures domestic demand, including both consumption and investment. Expressed in PPP terms, it allows for cross-country comparisons of real living standards.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW methodology to ensure comparability across countries.
Historical Context
This metric is used by economists and policymakers to assess Iraq's economic development and evaluate its progress relative to other nations.
Key Facts
- Iraq's domestic absorption per capita was $5,615 in 2020.
- This metric has grown by an average of 2.3% annually over the past decade.
- Domestic absorption per capita is a broader measure than GDP per capita, capturing both consumption and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Iraq. Domestic absorption includes both consumption and investment within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the real economic activity and living standards within Iraq, allowing for cross-country comparisons and assessment of the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW methodology to ensure comparability across countries.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate Iraq's economic progress and development relative to other nations, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be some delays in the most recent year's figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Iraq (PCDGDPIQA620NUPN), retrieved from FRED.