Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Malaysia
PPCGDPMYA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,992.54
Year-over-Year Change
103.64%
Date Range
1/1/1955 - 1/1/2010
Summary
This trend measures the gross domestic product per capita in Malaysia, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of living standards and economic output between 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, allowing for better cross-country comparisons of economic welfare and productivity. The G-K method is a specific PPP conversion approach used to calculate this statistic.
Methodology
The data is collected and calculated by the Penn World Table research project.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to analyze and compare economic development across countries.
Key Facts
- Malaysia's PPP-adjusted GDP per capita was $29,321 in 2019.
- This metric adjusts for price level differences across countries.
- PPP conversions enable more accurate cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Malaysia's gross domestic product per capita, adjusted for differences in purchasing power across countries using the Geary-Khamis (G-K) method.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita metric provides a more accurate comparison of living standards and economic output between Malaysia and other nations, enabling better analysis of economic development and welfare.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Penn World Table research project.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international organizations to analyze and compare economic development across countries.
Q: Are there update delays or limitations?
A: The data has some inherent time lags, as the Penn World Table project must collect and process information from various sources.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Mali
PC2GDPMLA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Czech Republic
PC2GDPCZA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Bulgaria
PC2GDPBGA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Samoa
PCDGDPWSA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Turkey
PC2GDPTRA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Laos
PPCGDPLAA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Malaysia (PPCGDPMYA620NUPN), retrieved from FRED.