Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for India
PPCGDPINA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,995.61
Year-over-Year Change
161.49%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for India using the Geary-Khamis (G-K) method at current prices. It provides insights into the standard of living and economic development 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 represents the total economic output of a country divided by its population, adjusted for differences in purchasing power across countries. The G-K method is a widely used approach for calculating these adjustments. This metric allows for more accurate international comparisons of economic well-being.
Methodology
The data is calculated by the World Bank using GDP and population figures reported by national statistical agencies.
Historical Context
Policymakers and economists rely on this indicator to assess India's economic performance and living standards relative to other nations.
Key Facts
- India's PPP-converted GDP per capita was $6,695 in 2021.
- This metric has grown by over 300% since 1990.
- India ranks 126th globally in PPP-adjusted GDP per capita.
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 India using the Geary-Khamis (G-K) method at current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate international comparisons of economic well-being and living standards, providing insights into India's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and population figures reported by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on this indicator to assess India's economic performance and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions 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 India (PPCGDPINA620NUPN), retrieved from FRED.