Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Seychelles
PPCGDPSCA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,736.04
Year-over-Year Change
50.64%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Seychelles, using the Geary-Khamis (G-K) method. It provides insights into the country's standard of living and economic development.
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
Purchasing Power Parity (PPP) GDP per capita adjusts a country's GDP to account for differences in the cost of living, providing a more accurate comparison of living standards across nations. The G-K method is a commonly used approach to calculating PPP.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
This metric is widely used by economists and policymakers to evaluate economic performance and living standards.
Key Facts
- Seychelles' PPP-adjusted GDP per capita was $27,305 in 2021.
- Seychelles has a relatively high standard of living compared to other African nations.
- The G-K method is a widely accepted approach for calculating PPP-adjusted GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Seychelles, using the Geary-Khamis (G-K) method. It provides insights into the country's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate economic performance and living standards across countries, as it accounts for differences in the cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: This metric is used by economists, institutions, and policymakers to assess a country's economic development and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with a lag of around a year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Seychelles (PPCGDPSCA620NUPN), retrieved from FRED.