Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Central African Republic
RGDPL2CFA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
589.75
Year-over-Year Change
1.46%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for the Central African Republic, derived from growth rates of domestic absorption. It provides insights into the country's economic productivity 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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) is an important metric for cross-country comparisons of economic well-being. It accounts for differences in price levels, allowing for more accurate assessments of real income and living standards across diverse economies.
Methodology
The data is calculated using the Laspeyres index method, which derives growth rates from domestic absorption components.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic development and inform policy decisions.
Key Facts
- The Central African Republic's 2021 GDP per capita (PPP) was $518.
- GDP per capita (PPP) has grown by an average of 1.2% annually over the past decade.
- The Central African Republic ranks 187th globally in GDP per capita (PPP).
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for the Central African Republic, which accounts for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of living standards and economic well-being in the Central African Republic compared to using market exchange rates, enabling better cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres index method, which derives growth rates from domestic absorption components.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this metric to evaluate economic development and inform policy decisions related to economic growth, living standards, and international comparisons.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the methodology used to calculate PPP can have certain limitations in capturing all price differences across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Central African Republic (RGDPL2CFA625NUPN), retrieved from FRED.