Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Libya
RGDPL2LYA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,534.37
Year-over-Year Change
25.42%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Libya, adjusted using the Laspeyres method and derived from growth rates of domestic absorption. It provides insights into the overall economic productivity and standard of living within the country.
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 offers a standardized way to compare economic output and living standards across different countries. By accounting for price level differences, it enables more accurate cross-country comparisons than using nominal exchange rates.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption to derive the PPP-adjusted GDP per capita figure.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess Libya's economic development and living standards relative to other nations.
Key Facts
- Libya's PPP-adjusted GDP per capita was $10,206 in 2021.
- Libya's PPP GDP per capita is approximately 25% of the global average.
- Libya's economy is heavily dependent on oil exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Libya, adjusted using the Laspeyres method and derived from growth rates of domestic absorption.
Q: Why is this trend relevant for users or analysts?
A: This metric enables more accurate cross-country comparisons of economic output and living standards by accounting for price level differences between 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-adjusted GDP per capita figure.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess Libya's economic development and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and delays in publication by the source.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Rwanda
RGDPL2RWA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Sao Tome and Principe
RGDPL2STA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Lesotho
RGDPCHLSA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Macedonia
RGDPL2MKA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Central African Republic
RGDPLPCFA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Saudi Arabia
RGDPLPSAA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Libya (RGDPL2LYA625NUPN), retrieved from FRED.