Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Peru
PPCGDPPEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,009.56
Year-over-Year Change
127.38%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Peru measures the economic output per person in Peru, 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 living standards and economic productivity between Peru and other nations by accounting for price level differences. It is a widely used metric for cross-country development analysis.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert local currency GDP figures into a common unit.
Historical Context
Policymakers and economists rely on this metric to assess Peru's economic performance and living standards relative to its global peers.
Key Facts
- Peru's 2021 GDP per capita (PPP) was $13,770.
- Peru ranks 77th globally in GDP per capita (PPP).
- Peru's GDP per capita (PPP) has grown by 36% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the economic output per person in Peru, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity between Peru and other nations by accounting for price level differences.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert local currency GDP figures into a common unit.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on this metric to assess Peru's economic performance and living standards relative to its global peers.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Peru (PPCGDPPEA620NUPN), retrieved from FRED.