Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Lebanon
PPCGDPLBA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,344.28
Year-over-Year Change
93.65%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Lebanon' measures the economic output and living standards of the Lebanese population, adjusted for differences in purchasing power 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 indicator provides a more accurate comparison of GDP per capita between countries by accounting for price level differences. It is a key metric used by economists and policymakers to evaluate economic development and living standards across nations.
Methodology
The data is calculated using the Geary-Khamis (G-K) method to convert GDP values to a common currency and price level.
Historical Context
This metric informs analyses of economic performance, cross-country comparisons, and policy decisions.
Key Facts
- Lebanon's GDP per capita in 2021 was $13,770.
- Lebanon's GDP per capita is lower than the global average.
- Purchasing power parity adjusts for cost of living differences.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the GDP per capita of Lebanon, adjusted for differences in purchasing power across countries using the Geary-Khamis method.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic development between Lebanon and other countries, enabling better cross-country analysis.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis method to convert GDP values to a common currency and price level.
Q: How is this trend used in economic policy?
A: This indicator informs analyses of economic performance, cross-country comparisons, and policy decisions related to economic development and living standards.
Q: Are there update delays or limitations?
A: There may be lags in data availability and potential limitations in accurately accounting for all price level differences across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Lebanon (PPCGDPLBA620NUPN), retrieved from FRED.