Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Montenegro
PCDGDPMEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,363.31
Year-over-Year Change
135.55%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the per capita purchasing power parity (PPP) converted domestic absorption for Montenegro, providing insights into the country's overall economic activity 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
Domestic absorption represents the total expenditure on final goods and services within a country, including consumption, investment, and government spending. Calculating this metric on a PPP-adjusted per capita basis allows for cross-country comparisons of economic welfare.
Methodology
The data is collected and calculated by the World Bank using a proprietary methodology based on national accounts statistics.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze and compare economic performance across countries.
Key Facts
- Montenegro's PPP-adjusted domestic absorption per capita was $15,746 in 2021.
- This metric has grown by an average of 2.9% annually over the past decade.
- The World Bank collects this data as part of its international comparison program.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Montenegro, which represents the total expenditure on final goods and services within the country on a per person basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Montenegro's overall economic activity and standard of living, allowing for cross-country comparisons of economic welfare.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a proprietary methodology based on national accounts statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to analyze and compare economic performance across countries.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Montenegro (PCDGDPMEA620NUPN), retrieved from FRED.