Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Solomon Islands
RGDPCHSBA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,973.87
Year-over-Year Change
20.22%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Solomon Islands measures the economic output per person in the country, adjusted for differences in purchasing power across nations.
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 provides a more accurate comparison of living standards and economic activity between countries than using exchange rate-converted GDP. It is a key indicator used by economists and policymakers to evaluate a country's economic development and standard of living.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts.
Historical Context
This trend is widely referenced in international economic analyses and policy discussions.
Key Facts
- Solomon Islands GDP per capita was $2,251 in 2021.
- Purchasing power parity adjusts for cost-of-living differences across countries.
- GDP per capita is a measure of a country's economic output divided by its population.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Gross Domestic Product (GDP) per capita of Solomon Islands, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic activity between Solomon Islands and other countries than using exchange rate-converted GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in international economic analyses and policy discussions to evaluate a country's economic development and standard of living.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Solomon Islands (RGDPCHSBA625NUPN), retrieved from FRED.