Purchasing Power Parity Converted GDP Per Capita (Chain Series) for United Arab Emirates
RGDPCHAEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,175.41
Year-over-Year Change
2.71%
Date Range
1/1/1986 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for United Arab Emirates measures the economic output per person in the country, 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 metric provides a more accurate comparison of living standards and economic productivity between the UAE and other nations by accounting for price level differences. It is a widely used indicator for evaluating global economic development and inequality.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to convert GDP figures into a common currency.
Historical Context
Policymakers and international institutions rely on this indicator to assess the UAE's economic performance and living standards relative to peers.
Key Facts
- The UAE has one of the highest GDP per capita levels globally.
- Purchasing power parity adjusts for cost-of-living differences.
- This indicator is used to track global inequality trends.
FAQs
Q: What does this economic trend measure?
A: This metric measures the UAE's gross domestic product (GDP) per capita, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: Purchasing power parity (PPP) adjusted GDP per capita provides a more accurate comparison of living standards and economic productivity between the UAE and other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to convert GDP figures into a common currency.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this indicator to assess the UAE's economic performance and living standards relative to its peers.
Q: Are there update delays or limitations?
A: The data is subject to update lags, as it relies on comprehensive price and economic data collection across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for United Arab Emirates (RGDPCHAEA625NUPN), retrieved from FRED.