Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Senegal
PCDGDPSNA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,983.44
Year-over-Year Change
74.03%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Senegal. It provides insights into the real purchasing power and living standards of the Senegalese population.
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 is a broader measure of economic activity than just GDP, as it includes private consumption, government consumption, and investment. The PPP conversion allows for cross-country comparisons by adjusting for differences in price levels.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is useful for policymakers and analysts to assess the overall economic well-being of Senegalese citizens.
Key Facts
- Senegal's PPP-adjusted domestic absorption per capita was $2,501 in 2020.
- Domestic absorption includes private and government consumption, as well as investment.
- PPP conversion allows for meaningful cross-country comparisons of living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Senegal. It provides insights into the real purchasing power and living standards of the Senegalese population.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers and analysts to assess the overall economic well-being of Senegalese citizens, as it captures a broader measure of economic activity than just GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to evaluate the real purchasing power and living standards of the Senegalese population, which can inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price data from Senegal.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Senegal (PCDGDPSNA620NUPN), retrieved from FRED.