Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Saudi Arabia
PPCGDPSAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,205.48
Year-over-Year Change
187.29%
Date Range
1/1/1986 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Saudi Arabia measures the economic output and living standards in the country, providing important insights for economists and policymakers.
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 trend represents the gross domestic product per person in Saudi Arabia, adjusted for differences in purchasing power across countries. It is a widely used metric for comparing living standards and economic development globally.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP to a common unit.
Historical Context
This metric is often used to assess the relative prosperity and development of the Saudi Arabian economy.
Key Facts
- Saudi Arabia's GDP per capita in 2021 was $52,302.
- This represents a 44% increase from 2011.
- Saudi Arabia's GDP per capita is higher than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product per person in Saudi Arabia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to compare living standards and economic development between countries, providing important insights for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP to a common unit.
Q: How is this trend used in economic policy?
A: This metric is often used to assess the relative prosperity and development of the Saudi Arabian economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Saudi Arabia (PPCGDPSAA620NUPN), retrieved from FRED.