Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Fiji
PPCGDPFJA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,863.78
Year-over-Year Change
46.58%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Fiji, using the Geary-Khamis (G-K) method at current prices. It provides insights into the standard of living and economic productivity of the Fijian 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 is a comprehensive metric that adjusts a country's GDP to account for differences in purchasing power across nations. This allows for more accurate comparisons of economic output and standards of living between countries. The G-K method is a widely-used approach for calculating PPP.
Methodology
The data is collected and calculated by the World Bank using household surveys and national accounts.
Historical Context
This metric is closely watched by economists, policymakers, and international organizations to assess Fiji's economic performance and development.
Key Facts
- Fiji's PPP-converted GDP per capita was $12,302 in 2021.
- Fiji's economy is heavily dependent on tourism and sugar exports.
- The country has experienced steady economic growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Fiji's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power across countries using the Purchasing Power Parity (PPP) and Geary-Khamis (G-K) methods.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita provides a more accurate comparison of living standards and economic productivity between Fiji and other countries, which is valuable for economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household surveys and national accounts.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists and policymakers to assess Fiji's economic performance, development, and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Fiji (PPCGDPFJA620NUPN), retrieved from FRED.