Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Liberia
RGDPL2LRA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
430.66
Year-over-Year Change
9.33%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Liberia's real gross domestic product (GDP) per capita, adjusted for differences in purchasing power across countries. It is a key indicator of a country's economic development and living standards.
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 provides a standardized, internationally comparable measure of economic output per person in Liberia. It accounts for price level differences to better reflect actual consumption and production capabilities.
Methodology
The data is calculated using growth rates of domestic absorption.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Liberia's economic progress and living standards relative to other countries.
Key Facts
- Liberia's GDP per capita was $879 in 2021.
- Liberia's GDP per capita has grown by an average of 1.2% per year over the past decade.
- Liberia ranks 179th globally in terms of GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Liberia's real gross domestic product (GDP) per capita, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized, internationally comparable measure of Liberia's economic output and living standards, which is crucial for assessing the country's economic progress and development.
Q: How is this data collected or calculated?
A: The data is calculated 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 evaluate Liberia's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the collecting agency.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Lithuania
RGDPLPLTA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Federated States of Micronesia
RGDPL2FMA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Sao Tome and Principe
RGDPLPSTA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Fiji
RGDPCHFJA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Haiti
RGDPL2HTA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Singapore
RGDPCHSGA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Liberia (RGDPL2LRA625NUPN), retrieved from FRED.