Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Ethiopia
PPCGDPETA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
813.21
Year-over-Year Change
126.20%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the gross domestic product (GDP) per capita of Ethiopia, adjusted for differences in purchasing power across countries using the Geary-Khamis (G-K) method. It provides insights into the relative standard of living and economic development in Ethiopia.
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 purchasing power parity (PPP) converted GDP per capita metric adjusts for price level differences between countries, allowing for more accurate cross-country comparisons of economic output and living standards. The G-K method is a specific PPP conversion approach that uses a system of prices to value goods and services.
Methodology
The data is calculated based on national accounts and price survey information collected by statistical agencies.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess economic performance and development within and across countries.
Key Facts
- Ethiopia's GDP per capita in 2021 was $2,555 (PPP).
- Ethiopia's GDP per capita has grown by over 300% since 2000.
- Ethiopia ranks 149th globally in terms of GDP per capita (PPP).
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) per capita of Ethiopia, adjusted for differences in purchasing power across countries using the Geary-Khamis (G-K) method.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the relative standard of living and economic development in Ethiopia, allowing for more accurate cross-country comparisons than using nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and price survey information collected by statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess economic performance and development within and across countries.
Q: Are there update delays or limitations?
A: The data is subject to regular updates, but may have a lag of several months to a year depending on the release schedule of the source agencies.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Ethiopia (PPCGDPETA620NUPN), retrieved from FRED.