Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Chad
PPCGDPTDA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,768.58
Year-over-Year Change
236.54%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Chad, using the Geary-Khamis (G-K) method at current prices. It provides insights into the standard of living and economic development of the country.
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, G-K method, at current prices for Chad is a key indicator of the country's economic performance and living standards. It adjusts the GDP per capita figure to account for differences in purchasing power across countries, allowing for more accurate international comparisons.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess economic development and make informed decisions.
Key Facts
- Chad's PPP-adjusted GDP per capita was $1,850 in 2021.
- The PPP adjustment accounts for cost-of-living differences across countries.
- GDP per capita is a measure of a country's economic output per person.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Chad, using the Geary-Khamis (G-K) method at current prices. 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 trend is widely used by economists, policymakers, and international organizations to assess economic development and make informed decisions, as it allows for more accurate international comparisons of living standards and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate the economic performance and development of Chad, and to make informed decisions about policies and investments aimed at improving the country's standard of living.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential for delays in the release of the most recent figures. Additionally, the PPP adjustment method may have certain limitations in capturing all price level differences across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Chad (PPCGDPTDA620NUPN), retrieved from FRED.