Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Mali
PPCGDPMLA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,151.59
Year-over-Year Change
61.77%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Mali' tracks the average economic output per person in Mali, adjusted for differences in purchasing power between 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 economic indicator provides a standardized measure of a country's economic productivity and living standards relative to other nations. It is a widely used metric for international comparisons of development and quality of life.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to adjust for price level differences across countries.
Historical Context
Policymakers and analysts use this metric to assess Mali's economic performance and competitiveness in the global economy.
Key Facts
- Mali's GDP per capita was $2,336 in 2021.
- Mali's GDP per capita has grown by 25% over the past decade.
- Mali ranks 162nd globally in terms of GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average economic output or income per person in Mali, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare living standards and economic development across nations, which is useful for policymakers, investors, and economic researchers.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using the Geary-Khamis method to adjust for price level differences across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Mali's economic performance and competitiveness in the global economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Mali (PPCGDPMLA620NUPN), retrieved from FRED.