Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Mexico
RGDPCHMXA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,939.40
Year-over-Year Change
13.99%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Mexico. It is a key metric for analyzing the relative economic well-being and productivity of the Mexican population.
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 PPP-converted GDP per capita series adjusts the raw GDP figure to account for differences in purchasing power across countries, providing a more accurate comparison of living standards and economic development. This metric is widely used by economists, policymakers, and international organizations to assess Mexico's economic performance and competitiveness.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to convert national GDP figures into a common currency.
Historical Context
This trend is crucial for informing trade, investment, and economic policy decisions regarding Mexico.
Key Facts
- Mexico's PPP-adjusted GDP per capita was $20,302 in 2021.
- Mexico's PPP-adjusted GDP per capita has grown by over 40% since 2000.
- Mexico ranks 64th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Mexico, providing a more accurate comparison of living standards and economic development across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess Mexico's economic performance and competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to convert national GDP figures into a common currency.
Q: How is this trend used in economic policy?
A: This trend is crucial for informing trade, investment, and economic policy decisions regarding Mexico.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Mexico (RGDPCHMXA625NUPN), retrieved from FRED.