Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Madagascar
RGDPL2MGA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
713.33
Year-over-Year Change
-4.77%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Madagascar, measures the economic output and standard of living in the country on an internationally comparable scale.
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
This economic indicator provides a standardized metric for assessing Madagascar's GDP per capita, adjusting for differences in purchasing power between countries. It is a valuable tool for economists and policymakers to analyze Madagascar's economic development and compare its living standards to other nations.
Methodology
The data is calculated using the Laspeyres method based on growth rates of domestic absorption.
Historical Context
This metric is widely used by international organizations and economists to inform economic policy and investment decisions.
Key Facts
- Madagascar's GDP per capita was $1,610 in 2021.
- The country's GDP per capita has grown by an average of 1.2% annually over the past decade.
- Madagascar ranks 146th globally in terms of GDP per capita adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Madagascar's GDP per capita adjusted for differences in purchasing power between countries, providing a standardized metric for assessing the country's economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to compare Madagascar's economic development and living standards to other nations, informing economic policies and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres method based on growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This metric is widely used by international organizations and economists to assess Madagascar's economic performance and living standards, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of GDP and purchasing power parity information for Madagascar, which may result in occasional update delays or limitations.
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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 Madagascar (RGDPL2MGA625NUPN), retrieved from FRED.