Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Seychelles
PCDGDPSCA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,283.25
Year-over-Year Change
78.65%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted domestic absorption per capita for Seychelles, which is a key indicator of the country's 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 spending on goods and services within a country's borders, adjusted for population size and purchasing power differences across countries. It provides insights into a nation's economic performance and the material living conditions of its citizens.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to ensure comparability across countries.
Historical Context
This metric is widely used by economists and policymakers to analyze and benchmark a country's economic development.
Key Facts
- Seychelles' domestic absorption per capita was $24,302 in 2021.
- This metric has grown by an average of 3.2% annually over the past decade.
- Seychelles ranks among the highest in the world for this indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted domestic absorption per capita for Seychelles, which represents the total spending on goods and services within the country's borders, adjusted for population size and purchasing power differences.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Seychelles' economic performance and the material living conditions of its citizens, making it a key indicator for economists and policymakers analyzing 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 method to ensure comparability across countries.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to analyze and benchmark Seychelles' economic development, informing decision-making and policy formulation.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions by the World Bank, but generally provides timely and reliable information on Seychelles' domestic absorption per capita.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Seychelles (PCDGDPSCA620NUPN), retrieved from FRED.