Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Lebanon
RGDPL2LBA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,655.91
Year-over-Year Change
50.21%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per capita for Lebanon, derived from growth rates of domestic absorption. It provides insights into the standard of living and economic productivity of the Lebanese 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 (PPP) converted GDP per capita is a metric that adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic output and living standards. This specific series uses the Laspeyres method to calculate the PPP conversion factor.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate Lebanon's economic performance and development.
Key Facts
- Lebanon's GDP per capita in 2020 was $12,700 (PPP).
- Lebanon's economy has faced significant challenges in recent years, including political instability and the impact of the COVID-19 pandemic.
- The PPP conversion factor accounts for differences in the cost of living between Lebanon and other countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Lebanon, which adjusts for differences in price levels to provide a more accurate comparison of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating Lebanon's economic performance and development, as it allows for more meaningful comparisons of living standards and productivity across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption to derive the PPP conversion factor.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Lebanon's economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability of information from the World Bank, and there may be delays in updates or limitations in coverage.
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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 Lebanon (RGDPL2LBA625NUPN), retrieved from FRED.