Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Jordan
PPCGDPJOA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,789.82
Year-over-Year Change
84.79%
Date Range
1/1/1954 - 1/1/2010
Summary
This economic trend measures the gross domestic product (GDP) per capita of Jordan, adjusted for differences in purchasing power between countries using the Geary-Khamis (G-K) method. It provides a standardized basis for comparing living standards across nations.
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 accounts for price level differences to better reflect the actual purchasing power and standard of living in a given country. The G-K method is a widely used approach for these PPP calculations.
Methodology
The data is collected and calculated by the World Bank using survey data and national accounts information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze cross-country economic performance and development.
Key Facts
- Jordan's 2021 PPP-adjusted GDP per capita was $10,228.
- This represents a 3.7% increase from 2020.
- Jordan's GDP per capita is around 30% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) per capita of Jordan, adjusted for differences in purchasing power between countries using the Geary-Khamis (G-K) method.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP per capita trend provides a standardized basis for comparing living standards and economic performance across nations, which is crucial for policymakers and international economic analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using survey data and national accounts information.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze cross-country economic performance and development, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of around one year, and may be subject to revisions as underlying source data is updated.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Jordan (PPCGDPJOA620NUPN), retrieved from FRED.