Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Qatar
RGDPCHQAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,248.14
Year-over-Year Change
128.89%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures Qatar's Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita, adjusted for inflation. It provides insights 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 PPP-converted GDP per capita series adjusts the raw GDP figure to account for differences in purchasing power across countries, allowing for more accurate international comparisons. This metric is widely used by economists and policymakers to evaluate a country's economic performance and progress over time.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is relevant for assessing Qatar's economic competitiveness and the standard of living of its population relative to other countries.
Key Facts
- Qatar has one of the highest GDP per capita in the world.
- Qatar's economy is heavily dependent on its large natural gas reserves.
- The country has experienced rapid economic growth and development in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures Qatar's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power across countries using Purchasing Power Parity (PPP) conversion factors.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of Qatar's economic performance and living standards relative to other countries, as it accounts for differences in prices and cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Qatar's economic competitiveness, standard of living, and progress in economic development relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Qatar (RGDPCHQAA625NUPN), retrieved from FRED.