Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Venezuela
PCDGDPVEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,445.85
Year-over-Year Change
89.59%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Venezuela, providing insight into the country's economic well-being 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 per capita is a key indicator of a country's economic performance, representing the total amount of goods and services consumed and invested within its borders. The PPP conversion adjusts this metric to account for differences in purchasing power across countries, enabling cross-country comparisons.
Methodology
The data is calculated based on national accounts information and purchasing power parity exchange rates.
Historical Context
This trend is widely used by economists and policymakers to assess Venezuela's economic development and living standards relative to other nations.
Key Facts
- Venezuela's domestic absorption per capita was $4,798 in 2020.
- This metric has declined by over 70% since 2013 due to the country's economic crisis.
- Venezuela has the lowest domestic absorption per capita in South America.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Venezuela, which represents the total amount of goods and services consumed and invested within the country's borders, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into Venezuela's economic performance and living standards, enabling comparisons with other countries. It is widely used by economists and policymakers to assess the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Venezuela's economic development and living standards relative to other nations, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data may be subject to update delays due to the complexities of measuring and converting domestic absorption across countries.
Related Trends
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Democratic Republic of the Congo
PCDGDPCDA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Vanuatu
PC2GDPVUA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Germany
PPCGDPDEA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Palau
PPCGDPPWA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Guinea
PC2GDPGNA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Honduras
PPCGDPHNA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Venezuela (PCDGDPVEA620NUPN), retrieved from FRED.