Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Guatemala
RGDPL2GTA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,001.27
Year-over-Year Change
17.27%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Guatemala, derived from growth rates of domestic absorption. It provides insights into the standard of living and economic productivity of the Guatemalan population.
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) trend adjusts Guatemala's GDP per capita for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic well-being. It is a widely used metric for evaluating a country's development and standard of living.
Methodology
The data is calculated using the Laspeyres method to derive PPP-adjusted GDP per capita from growth rates of domestic absorption.
Historical Context
This indicator is valuable for policymakers, economists, and investors analyzing Guatemala's economic performance and development.
Key Facts
- Guatemala's GDP per capita in 2021 was $8,462 (PPP).
- Guatemala's economy grew by 5.0% in 2021.
- The country has a population of over 17 million people.
FAQs
Q: What does this economic trend measure?
A: This trend measures purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Guatemala, derived from growth rates of domestic absorption.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the standard of living and economic productivity of the Guatemalan population, allowing for more accurate cross-country comparisons of economic well-being.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres method to derive PPP-adjusted GDP per capita from growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This indicator is valuable for policymakers, economists, and investors analyzing Guatemala's economic performance and development.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying economic statistics for Guatemala.
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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 Guatemala (RGDPL2GTA625NUPN), retrieved from FRED.