Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Yemen
PCDGDPYEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,852.02
Year-over-Year Change
33.18%
Date Range
1/1/1989 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita in Yemen. It provides insights into the overall economic well-being and living standards of the Yemeni 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 is a measure of total domestic demand, including consumption and investment. This PPP-adjusted per capita metric allows for cross-country comparisons of economic activity and living standards, accounting for differences in price levels.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis method to derive comparable PPP conversions.
Historical Context
This indicator is widely used by economists and policymakers to assess the relative development and living conditions in Yemen compared to other countries.
Key Facts
- Yemen is a lower-middle-income country in the Middle East.
- Domestic absorption accounts for over 90% of Yemen's GDP.
- Per capita domestic absorption in Yemen is among the lowest in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita in Yemen. It provides insights into the overall economic well-being and living standards of the Yemeni population.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used by economists and policymakers to assess the relative development and living conditions in Yemen compared to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis method to derive comparable PPP conversions.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to analyze the economic development and living standards in Yemen, which informs policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Yemen (PCDGDPYEA620NUPN), retrieved from FRED.