Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Timor-Leste
PPCGDPTLA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,285.92
Year-over-Year Change
17.40%
Date Range
1/1/2000 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted GDP per capita for Timor-Leste, providing insights into the country's economic development and living standards.
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 adjusts GDP per capita to account for differences in purchasing power across countries, enabling more accurate cross-country comparisons of living standards and economic well-being.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely used approach for deriving international price and volume comparisons.
Historical Context
This trend is valuable for policymakers, analysts, and international organizations in evaluating Timor-Leste's economic progress and living conditions relative to other nations.
Key Facts
- Timor-Leste's PPP-adjusted GDP per capita was $6,302 in 2021.
- The country has experienced steady economic growth since its independence in 2002.
- Relative to other Asia-Pacific nations, Timor-Leste's living standards remain below regional averages.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted GDP per capita for Timor-Leste, providing insights into the country's economic development and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is valuable for policymakers, analysts, and international organizations in evaluating Timor-Leste's economic progress and living conditions relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely used approach for deriving international price and volume comparisons.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and international organizations to assess Timor-Leste's economic development and living standards compared to other countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a delay in reporting compared to the reference period.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Timor-Leste (PPCGDPTLA620NUPN), retrieved from FRED.