Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Macao
RGDPCHMOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,790.36
Year-over-Year Change
139.51%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Macao measures the economic output and living standards of Macao's population. It is a key indicator used by economists and policymakers to assess Macao's economic development and competitiveness.
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 series represents Macao's GDP per capita adjusted for differences in purchasing power across countries, allowing for more accurate international comparisons of living standards and economic performance. The chain-weighted methodology ensures the data reflects changes in the underlying economic structure over time.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and analysts use this metric to inform economic and social policies in Macao and make cross-country comparisons.
Key Facts
- Macao's GDP per capita in 2021 was $115,301.
- Macao has the world's highest GDP per capita on a purchasing power parity basis.
- Macao's economy is heavily dependent on tourism and gambling.
FAQs
Q: What does this economic trend measure?
A: This metric measures Macao's GDP per capita adjusted for differences in purchasing power across countries, providing a more accurate comparison of living standards and economic performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for assessing Macao's economic development, competitiveness, and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform economic and social policies in Macao and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Afghanistan
RGDPLPAFA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Solomon Islands
RGDPLPSBA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bermuda
RGDPLPBMA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Panama
RGDPL2PAA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Nepal
RGDPCHNPA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kuwait
RGDPLPKWA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Macao (RGDPCHMOA625NUPN), retrieved from FRED.