Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Benin
PPCGDPBJA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,290.72
Year-over-Year Change
39.17%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Benin, using the Geary-Khamis (G-K) method. It provides insights into the standard of living and economic productivity of the country.
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 GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic output and living standards. The G-K method is a widely-used approach for calculating PPP that relies on an international price comparison system.
Methodology
The data is collected and calculated by the World Bank using national accounts and price survey information.
Historical Context
This metric is valuable for policymakers, analysts, and international organizations to assess economic development and living standards across countries.
Key Facts
- Benin's PPP-adjusted GDP per capita was $2,485 in 2021.
- The G-K method accounts for relative price differences across countries.
- GDP per capita is a key indicator of economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Benin, using the Geary-Khamis (G-K) method. It provides insights into the country's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for assessing economic development and living standards across countries, as it adjusts for differences in price levels to enable more accurate international comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, analysts, and international organizations to evaluate economic performance and living standards across countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price survey information collected by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Benin (PPCGDPBJA620NUPN), retrieved from FRED.