Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Lesotho
PPCGDPLSA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,675.68
Year-over-Year Change
104.37%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per capita for Lesotho, using the Geary-Khamis (G-K) method at current prices. It provides insight into the standard of living and economic productivity of Lesotho's 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 an important economic indicator that adjusts GDP to account for differences in purchasing power across countries. The G-K method is a widely used approach for calculating PPP. This metric offers a more accurate comparison of living standards and economic development than nominal GDP per capita.
Methodology
The data is calculated by the World Bank using survey data and national accounts information.
Historical Context
Policymakers and analysts use this trend to evaluate Lesotho's economic performance and living standards relative to other countries.
Key Facts
- Lesotho's PPP-converted GDP per capita was $2,753 in 2021.
- This places Lesotho among the lower-middle income countries globally.
- The PPP adjustment accounts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Lesotho, using the Geary-Khamis (G-K) method at current prices. It provides insight into the standard of living and economic productivity of Lesotho's population.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is an important economic indicator that allows for more accurate comparisons of living standards and economic development across countries than nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Lesotho's economic performance and living standards relative to other countries, which informs policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data availability due to the time required for collection and processing 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 Lesotho (PPCGDPLSA620NUPN), retrieved from FRED.