Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Jordan
RGDPL2JOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,729.70
Year-over-Year Change
36.77%
Date Range
1/1/1954 - 1/1/2010
Summary
This economic trend measures purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Jordan, 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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) series offers a standardized way to compare economic productivity and living standards across countries by adjusting for differences in price levels. This metric is widely used by economists and policymakers to evaluate a nation's economic development and living conditions.
Methodology
The data is calculated using Laspeyres index methodology based on growth rates of domestic absorption.
Historical Context
This economic indicator is valuable for assessing Jordan's economic performance and competitiveness within regional and global markets.
Key Facts
- Jordan's GDP per capita was $10,193 in 2020.
- Jordan's economy grew by 2.9% in 2021.
- Jordan's living standards lag behind developed economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Jordan, adjusted to account for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare economic productivity and living standards between Jordan and other nations, which is valuable for evaluating the country's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using Laspeyres index methodology based on growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess Jordan's economic performance and living conditions relative to other countries, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: There may be update delays or limitations in data availability due to the complexity of international price comparisons and economic measurement.
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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 Jordan (RGDPL2JOA625NUPN), retrieved from FRED.