Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Morocco
RGDPCHMAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,622.42
Year-over-Year Change
45.88%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Morocco measures the economic output per person in Morocco, 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 economic indicator provides a standardized measure of living standards that enables cross-country comparisons. It is a key metric used by policymakers, economists, and international organizations to assess economic development and living conditions.
Methodology
The data is calculated by the World Bank using exchange rates and price level differences.
Historical Context
This metric is widely referenced in policy analysis, economic research, and international development discussions.
Key Facts
- Morocco's GDP per capita was $7,337 in 2021.
- The country's GDP per capita has grown by over 50% since 2000.
- Morocco ranks 123rd globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Morocco divided by its population, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The purchasing power parity adjusted GDP per capita is a key indicator of living standards and economic development, enabling meaningful cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price level differences to convert GDP into a common currency and adjust for purchasing power.
Q: How is this trend used in economic policy?
A: This metric is widely referenced by policymakers, economists, and international organizations to assess economic progress, living conditions, and development priorities.
Q: Are there update delays or limitations?
A: The data is published annually with a slight 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 Morocco (RGDPCHMAA625NUPN), retrieved from FRED.