Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Gabon
RGDPL2GAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,915.12
Year-over-Year Change
-19.66%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Gabon, derived from growth rates of domestic absorption. It provides insights into the country's economic output 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 metric adjusts for differences in purchasing power across countries, allowing for more accurate international comparisons of economic activity and living standards. This data series is useful for economists and policymakers analyzing Gabon's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This metric is widely used by international organizations, governments, and analysts to assess economic performance and living standards.
Key Facts
- Gabon's GDP per capita was $15,206 in 2021.
- Gabon is classified as an upper-middle-income economy by the World Bank.
- The PPP-adjusted GDP per capita metric is a better indicator of living standards than nominal GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Gabon, derived from growth rates of domestic absorption.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers analyzing Gabon's economic development and competitiveness, as it provides insights into the country's economic output and living standards relative to other nations.
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 by international organizations, governments, and analysts to assess economic performance and living standards.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the World Bank's reporting.
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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 Gabon (RGDPL2GAA625NUPN), retrieved from FRED.