Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Botswana
PPCGDPBWA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,428.55
Year-over-Year Change
69.39%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Botswana, using the Geary-Khamis (G-K) method and expressed in current prices. It provides insights into the economic productivity and living standards of Botswana's 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
The PPP converted GDP per capita metric adjusts the GDP figure to account for differences in purchasing power across countries, enabling more accurate comparisons of economic output and living standards. The G-K method is a widely used PPP calculation approach that considers a basket of goods and services.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
This trend is used by economists, policymakers, and international organizations to evaluate Botswana's economic development and compare its living standards to other countries.
Key Facts
- Botswana's PPP-adjusted GDP per capita was $18,770 in 2021.
- Botswana's economy has seen steady growth since the 1990s.
- Mining and tourism are important sectors in Botswana's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Botswana, using the Geary-Khamis (G-K) method and expressed in current prices.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic productivity and living standards of Botswana's population, enabling more accurate comparisons to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate Botswana's economic development and compare its living standards to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reporting schedules of the World Bank, which may result in some update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Botswana (PPCGDPBWA620NUPN), retrieved from FRED.