Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Zambia
RGDPCHZMA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,517.24
Year-over-Year Change
54.14%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted gross domestic product per capita in Zambia. It is a key metric for evaluating the relative living standards and productivity 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
The purchasing power parity (PPP) converted GDP per capita (chain series) for Zambia provides a standardized measure of economic output that accounts for differences in national price levels. This allows more accurate comparisons of living standards and productivity between Zambia and other nations.
Methodology
The data is calculated based on GDP figures and purchasing power parity exchange rates.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic development and make cross-country comparisons.
Key Facts
- Zambia's 2021 GDP per capita (PPP) was $4,302.
- GDP per capita (PPP) has grown by 75% in Zambia since 2000.
- Zambia ranks 145th globally in GDP per capita (PPP).
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted gross domestic product per capita in Zambia. It provides a standardized metric for evaluating living standards and productivity in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic development and make cross-country comparisons of living standards and productivity.
Q: How is this data collected or calculated?
A: The data is calculated based on GDP figures and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, international organizations, and analysts to evaluate Zambia's economic performance and development relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the source agency.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Zambia (RGDPCHZMA625NUPN), retrieved from FRED.