Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Comoros
RGDPCHKMA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
856.22
Year-over-Year Change
-18.03%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Comoros. It provides insights into the overall economic well-being and living standards of the Comorian population.
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 metric adjusts the standard GDP per capita figure to account for differences in purchasing power across countries, enabling more accurate cross-country comparisons. This trend is widely used by economists and policymakers to evaluate economic development and standards of living.
Methodology
The data is calculated by the World Bank using PPP exchange rates and GDP figures.
Historical Context
This metric is crucial for analyzing the Comorian economy and informing economic policies and aid programs.
Key Facts
- Comoros' PPP-adjusted GDP per capita was $1,462 in 2021.
- GDP per capita has grown by 18% over the past decade in Comoros.
- Comoros ranks 160th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Comoros, which adjusts the standard GDP per capita figure to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for accurately evaluating economic development and living standards in Comoros, enabling more meaningful cross-country comparisons than standard GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using PPP exchange rates and GDP figures.
Q: How is this trend used in economic policy?
A: This metric informs economic policies and aid programs targeting economic development and living standards in Comoros.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes in Comoros.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Comoros (RGDPCHKMA625NUPN), retrieved from FRED.