Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Zambia
PCDGDPZMA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,140.33
Year-over-Year Change
132.45%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Zambia. It provides insights into the country's standard of living and economic productivity.
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
The PPP-converted domestic absorption per capita metric represents the total expenditure on final goods and services within Zambia's borders, adjusted for differences in purchasing power. It is a comprehensive indicator of a country's economic development and consumption levels.
Methodology
The data is calculated using the GEKS-CPDW method based on price and expenditure information from national accounts.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze Zambia's economic performance and living standards.
Key Facts
- Zambia's PPP-converted domestic absorption per capita was $1,798 in 2020.
- This metric has grown by an average of 3.2% annually over the past decade.
- Zambia's PPP-converted domestic absorption is approximately 60% of the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Zambia. It represents the total expenditure on final goods and services within the country's borders, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Zambia's standard of living and economic productivity. It is widely used by economists, policymakers, and international institutions to analyze the country's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method based on price and expenditure information from national accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess Zambia's economic development, compare its living standards to other countries, and inform policy decisions aimed at improving the country's economic performance and productivity.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information from Zambia. There may be occasional delays in updates, and the accuracy of the metric can be influenced by the quality of the underlying data sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Zambia (PCDGDPZMA620NUPN), retrieved from FRED.