Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Macao
RGDPL2MOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,285.54
Year-over-Year Change
136.90%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Macao, derived from growth rates of domestic absorption. It provides insights into the standard of living and economic productivity of the Macao 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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic output and living standards. This data series is useful for analyzing Macao's economic development and competitiveness relative to other nations.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption and other macroeconomic indicators.
Historical Context
Policymakers and analysts use this metric to evaluate Macao's economic performance and make informed decisions regarding trade, investment, and social policies.
Key Facts
- Macao's PPP-converted GDP per capita was $122,251 in 2021.
- Macao has one of the highest GDP per capita in the world.
- The data series dates back to 1980.
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 Macao, which reflects the economic output and living standards of the Macao population.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of economic productivity and living standards between Macao and other countries, making it useful for policymakers and analysts evaluating Macao's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption and other macroeconomic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Macao's economic development and make informed decisions regarding trade, investment, and social policies.
Q: Are there update delays or limitations?
A: The data series dates back to 1980 and is updated regularly, but there may be some delays in the availability of the most recent data points.
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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 Macao (RGDPL2MOA625NUPN), retrieved from FRED.