Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Mauritius
PPCGDPMUA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,388.24
Year-over-Year Change
61.94%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Mauritius, using the Geary-Khamis (G-K) method at current prices. It provides a standardized metric for comparing Mauritius' economic output and living standards relative to other 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
The PPP-converted GDP per capita metric adjusts GDP to account for differences in price levels across countries, enabling more accurate international comparisons of economic activity and living standards. The G-K method is a widely-used approach for calculating PPP that relies on a global system of country-level price indexes.
Methodology
The data is collected and calculated by the World Bank using national accounts and price survey information.
Historical Context
This trend is commonly used by economists, policymakers, and international institutions to assess Mauritius' economic development and competitiveness.
Key Facts
- Mauritius' PPP-adjusted GDP per capita was $22,700 in 2021.
- Mauritius ranks 58th globally in PPP-adjusted GDP per capita.
- PPP conversion factors account for price differences across countries.
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 Mauritius, using the Geary-Khamis (G-K) method at current prices. It provides a standardized metric for comparing Mauritius' economic output and living standards to other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and international institutions to assess Mauritius' economic development, living standards, and competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This trend is commonly used by economists, policymakers, and international institutions to evaluate Mauritius' economic performance and competitiveness in global markets.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the World Bank relies on national accounts and survey data to calculate this metric.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Mauritius (PPCGDPMUA620NUPN), retrieved from FRED.