Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Saudi Arabia
PCDGDPSAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,398.45
Year-over-Year Change
135.54%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted domestic absorption per capita for Saudi Arabia, providing insights into the country's overall economic well-being and consumption patterns.
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 adjusts for differences in price levels across countries, allowing for more accurate comparisons of economic activity and living standards. It is a valuable indicator for economists and policymakers analyzing Saudi Arabia's economic development and consumer trends.
Methodology
The data is calculated using purchasing power parity (PPP) conversion factors and national accounts information.
Historical Context
This metric is widely used by institutions and analysts to assess Saudi Arabia's economic performance and living standards relative to other countries.
Key Facts
- Saudi Arabia's 2021 Purchasing Power Parity Converted Domestic Absorption Per Capita was $50,462.
- This metric has increased by over 60% in Saudi Arabia since 2000.
- Adjusting for price differences is crucial for accurately comparing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted domestic absorption per capita for Saudi Arabia, providing insights into the country's overall economic well-being and consumption patterns.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for economists and policymakers analyzing Saudi Arabia's economic development and consumer trends, as it allows for more accurate comparisons of economic activity and living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated using purchasing power parity (PPP) conversion factors and national accounts information.
Q: How is this trend used in economic policy?
A: This metric is widely used by institutions and analysts to assess Saudi Arabia's economic performance and living standards relative to other countries, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information and PPP conversion factors, which may result in occasional update delays or limitations.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Zimbabwe
PPCGDPZWA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for United States
PPCGDPUSA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Puerto Rico
PPCGDPPRA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Lithuania
PCDGDPLTA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Senegal
PCDGDPSNA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Eritrea
PPCGDPERA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Saudi Arabia (PCDGDPSAA620NUPN), retrieved from FRED.