Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Malawi
RGDPL2MWA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
604.31
Year-over-Year Change
25.54%
Date Range
1/1/1954 - 1/1/2010
Summary
This economic indicator measures Malawi's purchasing power parity-adjusted GDP per capita, derived from growth rates of domestic absorption. It provides insights into the country's economic development and living standards relative to other nations.
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) trend offers a standardized way to compare Malawi's economic output and productivity per person, adjusted for differences in domestic price levels. This metric is widely used by economists and policymakers to assess a country's standard of living and overall economic performance.
Methodology
The data is calculated based on growth rates of domestic absorption, which includes consumption, investment, and government spending.
Historical Context
This indicator is valuable for analyzing Malawi's economic competitiveness and guiding policy decisions aimed at promoting sustainable growth and improving citizens' quality of life.
Key Facts
- Malawi's GDP per capita (PPP) was $1,176 in 2021.
- The country's economy grew by 2.8% in 2021, after a 0.8% contraction in 2020.
- Agriculture accounts for about 27% of Malawi's GDP and employs 64% of the workforce.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Malawi's purchasing power parity-adjusted GDP per capita, which provides a standardized way to compare the country's economic output and productivity per person.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess Malawi's standard of living and overall economic performance, which is crucial for analyzing the country's economic competitiveness and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of domestic absorption, which includes consumption, investment, and government spending.
Q: How is this trend used in economic policy?
A: This indicator is valuable for analyzing Malawi's economic competitiveness and guiding policy decisions aimed at promoting sustainable growth and improving citizens' quality of life.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may have limitations in capturing the full complexity of Malawi's economic situation.
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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 Malawi (RGDPL2MWA625NUPN), retrieved from FRED.