Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Laos
RGDPL2LAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,534.44
Year-over-Year Change
103.19%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Laos, derived from growth rates of domestic absorption. It provides insights into the economic welfare and development of the Laotian 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 PPP-converted GDP per capita (Laspeyres) for Laos is a comprehensive metric that adjusts the country's GDP to account for differences in purchasing power across countries. This allows for more accurate cross-country comparisons of living standards and economic well-being.
Methodology
The data is calculated by the U.S. Federal Reserve using growth rates of domestic absorption.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Laos's economic performance and development relative to other countries.
Key Facts
- Laos is a lower-middle-income country in Southeast Asia.
- PPP-adjusted GDP per capita is a more accurate measure of living standards than nominal GDP per capita.
- The data series dates back to 1980.
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 Laos, derived from growth rates of domestic absorption.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic welfare and development of the Laotian population, allowing for more accurate cross-country comparisons of living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Laos's economic performance and development relative to other countries.
Q: Are there update delays or limitations?
A: The data series dates back to 1980, but there may be delays in updating the latest figures.
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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 Laos (RGDPL2LAA625NUPN), retrieved from FRED.