Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Vanuatu
PCDGDPVUA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,246.67
Year-over-Year Change
63.22%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted domestic absorption per capita for Vanuatu, 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
Purchasing power parity (PPP) conversion accounts for differences in price levels between countries, allowing more accurate comparisons of economic indicators. Domestic absorption per capita is a key metric for evaluating a nation's economic performance and development.
Methodology
The data is calculated using the GEKS-CPDW method, which adjusts for differences in price levels and purchasing power.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Vanuatu's economic conditions and progress.
Key Facts
- Vanuatu is a developing island country in the South Pacific.
- This metric adjusts for differences in price levels between Vanuatu and other countries.
- Domestic absorption includes private consumption, government spending, and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted domestic absorption per capita for Vanuatu, providing insights into the country's economic well-being and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for economists and policymakers to assess Vanuatu's economic performance and development, as it accounts for differences in price levels between Vanuatu and other countries.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which adjusts for differences in price levels and purchasing power.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate Vanuatu's economic conditions and progress, informing policy decisions and development strategies.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or revisions, as is common with economic statistics. Users should check the source for the most current information and any known limitations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Vanuatu (PCDGDPVUA620NUPN), retrieved from FRED.