Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Malawi
RGDPCHMWA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
655.61
Year-over-Year Change
38.96%
Date Range
1/1/1954 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Malawi measures the total economic output of Malawi adjusted for differences in purchasing power, providing a more accurate comparison of living standards 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 metric represents the total economic output of Malawi divided by its population, converted to international dollars using purchasing power parity (PPP) to account for differences in the cost of living. It is a key indicator used by economists and policymakers to assess the relative prosperity and development of Malawi's economy.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
This trend is widely referenced in international economic analysis and policy discussions.
Key Facts
- Malawi's GDP per capita in 2021 was $1,251 (PPP).
- Malawi's economy has grown by an average of 4.5% per year over the past decade.
- Malawi remains one of the poorest countries in the world by this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Malawi, adjusted for differences in purchasing power, to provide a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator used by economists and policymakers to assess the relative prosperity and development of Malawi's economy compared 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: This trend is widely referenced in international economic analysis and policy discussions to understand Malawi's economic performance and development relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-2 year delay due to the time required to collect and process the underlying national accounts and population data.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Malawi (RGDPCHMWA625NUPN), retrieved from FRED.