Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Tanzania
PCDGDPTZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,503.29
Year-over-Year Change
131.03%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Tanzania, providing insights into 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
The PPP-converted domestic absorption per capita metric represents the total expenditure on goods and services by Tanzanian residents, adjusted for differences in purchasing power across countries. This data point is a key indicator of a nation's economic development and standard of living.
Methodology
The data is calculated using the GEKS-CPDW method, which adjusts for price level differences across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to compare living standards and assess economic progress.
Key Facts
- Tanzania's PPP-converted domestic absorption per capita was $2,462 in 2021.
- This metric has grown by an average of 3.2% per year over the past decade.
- Comparing PPP-adjusted domestic absorption is crucial for understanding relative economic well-being across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Tanzania, which represents the total expenditure on goods and services by Tanzanian residents, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of a nation's economic development and standard of living, allowing for meaningful comparisons of living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which adjusts for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to compare living standards and assess economic progress.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Tanzania (PCDGDPTZA620NUPN), retrieved from FRED.