Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Iran
RGDPCHIRA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,432.06
Year-over-Year Change
36.00%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Iran, providing insight into the country's economic output and living standards relative to other nations.
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 trend adjusts Iran's gross domestic product for differences in purchasing power, allowing for more accurate cross-country comparisons of economic activity and living standards. This metric is widely used by economists and policymakers to evaluate economic development and make informed decisions.
Methodology
The data is calculated by the World Bank using market exchange rates and price level adjustments.
Historical Context
This trend is closely monitored by global institutions and analysts to assess Iran's macroeconomic performance and relative position within the international economy.
Key Facts
- Iran's PPP-adjusted GDP per capita was $13,850 in 2021.
- This metric has grown by an average of 2.3% annually over the past decade.
- Iran ranks 59th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Iran's gross domestic product (GDP) per capita, adjusted for differences in purchasing power between Iran and other countries.
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 and economic activity between Iran and other nations, allowing for better evaluation of Iran's economic development and performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using market exchange rates and price level adjustments to account for differences in purchasing power.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by global institutions and analysts to assess Iran's macroeconomic performance and relative position within the international economy, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in the most recent year's figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Iran (RGDPCHIRA625NUPN), retrieved from FRED.