Purchasing Power Parity Converted GDP Per Capita (Chain Series) for St. Lucia
RGDPCHLCA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,351.09
Year-over-Year Change
14.38%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for St. Lucia measures the total economic output of the country adjusted for differences in purchasing power between countries, providing a more accurate comparison of 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
This metric represents the total economic production in St. Lucia divided by the population, with adjustments made to account for price level differences between countries. It is a valuable indicator for analyzing and comparing the relative prosperity of economies globally.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and real GDP figures.
Historical Context
Policymakers and economists use this metric to assess a country's economic development and living standards compared to other nations.
Key Facts
- St. Lucia's GDP per capita was $13,462 in 2021.
- The country's GDP per capita has grown by 36% since 2010.
- St. Lucia ranks 89th globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of St. Lucia divided by the population, with adjustments made to account for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a more accurate comparison of living standards and economic development across countries than unadjusted GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates and real GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess a country's economic development and living standards compared to other nations.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for St. Lucia (RGDPCHLCA625NUPN), retrieved from FRED.