Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for South Africa
PCDGDPZAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,946.70
Year-over-Year Change
92.30%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted domestic absorption per capita for South Africa, a key indicator of 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
Purchasing power parity (PPP) conversion allows for cross-country comparisons of economic activity and living standards by adjusting for differences in prices. This metric provides insights into the overall economic resources available to South African citizens.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to convert national accounts data to a common price basis.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze economic development and make cross-country comparisons.
Key Facts
- South Africa's 2021 PPP-adjusted domestic absorption per capita was $12,916.
- This metric has grown by an average of 1.5% annually over the past decade.
- South Africa ranks 76th globally in PPP-adjusted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for South Africa, which represents the total amount of economic resources available to citizens.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to assess economic development and make cross-country comparisons of living standards, as it adjusts for differences in price levels between nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method to convert national accounts data to a common price basis.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international institutions use this metric to analyze economic development, make cross-country comparisons, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually 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 South Africa (PCDGDPZAA620NUPN), retrieved from FRED.