Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Samoa
PCDGDPWSA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,179.27
Year-over-Year Change
79.18%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity converted domestic absorption per capita for Samoa, providing insights into the country's economic well-being and consumption patterns.
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 adjusts economic data to account for differences in purchasing power across countries, allowing for more accurate international comparisons. This metric represents the average PPP-converted domestic absorption per person in Samoa, which is a key indicator of living standards and economic development.
Methodology
The data is calculated using the GEKS-CPDW method, which provides a multilateral PPP conversion factor.
Historical Context
This trend is used by economists and policymakers to analyze Samoa's economic performance and living conditions relative to other countries.
Key Facts
- Samoa is a small island country in the South Pacific Ocean.
- This metric is measured in international dollars, adjusting for price level differences.
- Domestic absorption includes private consumption, government consumption, and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted domestic absorption per capita for Samoa, providing insights into the country's economic well-being and consumption patterns.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for comparing living standards and economic development across countries, as it adjusts for differences in purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which provides a multilateral PPP conversion factor.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze Samoa's economic performance and living conditions relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and revisions due to the complex methodologies involved in calculating purchasing power parity.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Samoa (PCDGDPWSA620NUPN), retrieved from FRED.