Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Mauritius
RGDPL2MUA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,138.03
Year-over-Year Change
46.80%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Mauritius, is an important economic indicator that measures the overall productivity and standard of living in 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
This indicator adjusts the country's GDP per capita for differences in purchasing power, providing a more accurate comparison of living standards across nations. It is a widely used metric for international development analysis and policymaking.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption and purchasing power parity conversion factors.
Historical Context
This trend is closely monitored by economists, international organizations, and policymakers to assess Mauritius' economic progress and competitiveness.
Key Facts
- Mauritius' GDP per capita, adjusted for purchasing power, was $24,127 in 2021.
- The country's PPP-adjusted GDP per capita has grown by an average of 3.5% annually over the past decade.
- Mauritius ranks 63rd globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Mauritius' Purchasing Power Parity (PPP) converted GDP per capita, which adjusts the country's GDP per capita to account for differences in the cost of living and purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic well-being across nations, making it a crucial indicator for international development analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists, international organizations, and policymakers closely monitor this trend to assess Mauritius' economic progress, competitiveness, and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical update delay of 1-2 years.
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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 Mauritius (RGDPL2MUA625NUPN), retrieved from FRED.