Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Jordan
PCDGDPJOA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,022.22
Year-over-Year Change
87.03%
Date Range
1/1/1954 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted domestic absorption per capita in Jordan, providing insights into the country's economic well-being 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
The Purchasing Power Parity Converted Domestic Absorption Per Capita metric represents the average gross domestic product per person in Jordan, adjusted for differences in purchasing power across countries. It is a key indicator used by economists and policymakers to evaluate economic development and compare living standards internationally.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert local currency values to a common unit.
Historical Context
This trend is widely used to assess Jordan's economic performance and inform policy decisions related to economic growth, trade, and social welfare.
Key Facts
- Jordan's Purchasing Power Parity Converted Domestic Absorption Per Capita was $7,462 in 2020.
- This metric has grown by an average of 2.3% per year over the past decade in Jordan.
- The World Bank uses this indicator to track progress towards the Sustainable Development Goals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted domestic absorption per capita in Jordan, providing insights into the country's economic well-being and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate economic development and compare living standards internationally, informing decisions related to economic growth, trade, and social welfare.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert local currency values to a common unit.
Q: How is this trend used in economic policy?
A: This trend is used to assess Jordan's economic performance and inform policy decisions related to economic growth, trade, and social welfare.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in availability due to the complexity of the calculations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Jordan (PCDGDPJOA620NUPN), retrieved from FRED.