Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Honduras
PPCGDPHNA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,803.38
Year-over-Year Change
37.34%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Honduras measures the economic output and living standards in Honduras, adjusted for differences in prices across countries.
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
This metric provides a more accurate comparison of GDP per capita between countries than using market exchange rates, as it accounts for variations in the cost of living. It is widely used by economists and policymakers to assess economic development and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP figures into internationally comparable units.
Historical Context
This trend is relevant for assessing the Honduran economy's performance and competitiveness relative to other countries.
Key Facts
- Honduras had a GDP per capita of $5,798 in 2021.
- This metric has grown by an average of 1.8% per year over the past decade.
- Honduras ranks 108th globally in terms of GDP per capita on a purchasing power parity basis.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Honduras, adjusted for differences in purchasing power and cost of living, divided by the country's population.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of living standards and economic development in Honduras compared to other countries, which is useful for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP figures into internationally comparable units based on purchasing power parity.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to assess the Honduran economy's performance and competitiveness relative to other countries, informing decisions on trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may not fully capture short-term economic fluctuations due to the complex methodology used to ensure international comparability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Honduras (PPCGDPHNA620NUPN), retrieved from FRED.