Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Sri Lanka
RGDPL2LKA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,075.13
Year-over-Year Change
59.66%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Sri Lanka, derived from growth rates of domestic absorption. It provides insights into the country's economic development 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) metric represents the value of goods and services produced per person in Sri Lanka, adjusted for differences in purchasing power across countries. This internationally comparable measure is useful for analyzing economic performance and living standards.
Methodology
The data is calculated using the Laspeyres method, which derives growth rates from domestic absorption figures.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Sri Lanka's economic progress and compare its development to that of other countries.
Key Facts
- Sri Lanka's GDP per capita based on PPP was $13,501 in 2021.
- The country's PPP-adjusted GDP per capita has grown by an average of 3.7% annually over the past decade.
- Sri Lanka ranks 100th globally in terms of PPP-adjusted 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 Sri Lanka, derived from growth rates of domestic absorption.
Q: Why is this trend relevant for users or analysts?
A: This internationally comparable measure is useful for analyzing Sri Lanka's economic performance and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres method, which derives growth rates from domestic absorption figures.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Sri Lanka's economic progress and compare its development to that of other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of domestic absorption figures for Sri Lanka.
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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 Sri Lanka (RGDPL2LKA625NUPN), retrieved from FRED.