Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Democratic Republic of the Congo
RGDPL2CDA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
237.09
Year-over-Year Change
0.72%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for the Democratic Republic of the Congo, derived from growth rates of domestic absorption. It provides insight into the country's economic development and living standards relative to other 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
The PPP-converted GDP per capita series adjusts the standard GDP per capita metric to account for differences in purchasing power across countries, enabling more accurate cross-country comparisons. This trend is a valuable indicator for economists and policymakers analyzing the Democratic Republic of the Congo's economic performance and living conditions.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This metric is widely used to evaluate economic development and inform policy decisions.
Key Facts
- The Democratic Republic of the Congo's PPP-converted GDP per capita was $522 in 2021.
- This metric has grown by an average of 1.2% annually over the past decade.
- The country ranks 186th globally in PPP-converted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for the Democratic Republic of the Congo, derived from growth rates of domestic absorption. It provides insights into the country's economic development and living standards relative to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a valuable indicator for economists and policymakers analyzing the Democratic Republic of the Congo's economic performance and living conditions, as it adjusts for differences in purchasing power across countries to enable more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This metric is widely used to evaluate economic development and inform policy decisions both within the Democratic Republic of the Congo and across international institutions and markets.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which may result in occasional delays or revisions.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kuwait
RGDPLPKWA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Eritrea
RGDPL2ERA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Italy
RGDPLPITA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Namibia
RGDPLPNAA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Chile
RGDPCHCLA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Slovak Republic
RGDPCHSKA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Democratic Republic of the Congo (RGDPL2CDA625NUPN), retrieved from FRED.