Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Mauritius
RGDPCHMUA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,164.05
Year-over-Year Change
45.28%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Mauritius, providing insight into the country's economic development and standard of living.
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 Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Mauritius is an important indicator used by economists and policymakers to compare the economic output and living standards across countries, adjusting for differences in price levels.
Methodology
The data is calculated by the World Bank using a chain-linking methodology to convert national accounts data into a common currency.
Historical Context
This metric is widely used to evaluate economic performance and inform policy decisions related to economic growth, income inequality, and development strategies.
Key Facts
- Mauritius had a PPP-adjusted GDP per capita of $22,700 in 2021.
- This metric has grown by over 400% since 1980 in Mauritius.
- Mauritius is considered an upper-middle-income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Mauritius, which provides a more accurate comparison of living standards and economic output across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and analysts to evaluate economic performance, compare living standards, and inform development strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a chain-linking methodology to convert national accounts data into a common currency.
Q: How is this trend used in economic policy?
A: This metric is used to assess economic growth, income inequality, and the effectiveness of development policies in Mauritius and other countries.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Mauritius (RGDPCHMUA625NUPN), retrieved from FRED.