Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Cote d`Ivoire
RGDPCHCIA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,283.67
Year-over-Year Change
-15.38%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Cote d'Ivoire's purchasing power parity converted GDP per capita, a key indicator of economic development and standard of living.
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) conversion adjusts GDP per capita to account for differences in the cost of living across countries, providing a more accurate comparison of living standards. The PPP-adjusted GDP per capita trend is widely used by economists and policymakers to evaluate a country's economic progress and compare its development to that of other nations.
Methodology
The data is calculated by the World Bank using exchange rates and price levels.
Historical Context
This metric informs international economic policy and investment decisions.
Key Facts
- Cote d'Ivoire's PPP-adjusted GDP per capita was $3,895 in 2021.
- The country's GDP per capita has grown over 50% since 2000.
- Cote d'Ivoire is classified as a lower-middle income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures Cote d'Ivoire's purchasing power parity (PPP) converted GDP per capita, which adjusts the country's GDP per person to account for differences in the cost of living.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita provides a more accurate comparison of living standards across countries, informing economic policy and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to evaluate a country's economic progress and compare its development to that of other nations.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of 1-2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Cote d`Ivoire (RGDPCHCIA625NUPN), retrieved from FRED.