Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Senegal
RGDPCHSNA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,469.31
Year-over-Year Change
20.68%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Senegal measures the country's economic output adjusted for differences in price levels, providing a more accurate comparison of living standards 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 series converts Senegal's gross domestic product (GDP) per capita into international dollars using purchasing power parity (PPP) exchange rates. PPP-adjusted GDP per capita is a key metric for evaluating and comparing economic development and living standards between countries.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and analysts use this metric to assess Senegal's economic performance and competitiveness relative to other countries.
Key Facts
- Senegal's PPP-adjusted GDP per capita was $3,522 in 2021.
- Senegal's GDP per capita has grown by over 40% since 2010.
- PPP conversion accounts for differences in cost of living between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Senegal's gross domestic product (GDP) per capita adjusted for differences in purchasing power between countries, providing a more accurate comparison of living standards.
Q: Why is this trend relevant for users or analysts?
A: PPP-adjusted GDP per capita is a key metric for evaluating and comparing economic development and living standards across nations, making it relevant for policymakers, economists, and analysts.
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: Policymakers and analysts use this metric to assess Senegal's economic performance and competitiveness relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and population data from Senegal, which may result in periodic update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Senegal (RGDPCHSNA625NUPN), retrieved from FRED.