Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Iran
PCDGDPIRA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,430.84
Year-over-Year Change
111.69%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Iran, which is a key indicator of a country's overall economic well-being and living standards.
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 represents the total domestic consumption and investment within a country, adjusted for purchasing power parity. This metric provides insights into the real standard of living and productivity levels within Iran's economy.
Methodology
The data is calculated by the World Bank using internationally recognized PPP conversion factors.
Historical Context
Policymakers and economists use this metric to assess Iran's economic development and make cross-country comparisons.
Key Facts
- Iran's domestic absorption per capita was $13,764 in 2021.
- This metric has grown by 31% over the past decade in Iran.
- Iran ranks 58th globally in domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Iran, which represents the total domestic consumption and investment within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the real standard of living and productivity levels within Iran's economy, making it a key indicator for policymakers and economists to assess the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using internationally recognized purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Iran's economic development and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in cross-country comparability due to varying methodologies used by different sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Iran (PCDGDPIRA620NUPN), retrieved from FRED.