Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Mozambique
RGDPL2MZA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
793.25
Year-over-Year Change
85.41%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Mozambique, derived from growth rates of domestic absorption. It provides insight 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) metric adjusts Mozambique's GDP per capita to account for differences in the cost of living, enabling cross-country comparisons. It is a valuable indicator for evaluating economic progress and living standards.
Methodology
The data is calculated using growth rates of domestic absorption, a measure of overall demand within the economy.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Mozambique's economic performance and development.
Key Facts
- Mozambique's GDP per capita on a PPP basis was $1,258 in 2021.
- The country's PPP-adjusted GDP per capita has grown by over 4% annually since 2010.
- Mozambique's PPP GDP per capita is around 10% of the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures Mozambique's GDP per capita adjusted for purchasing power parity (PPP), derived from growth rates of domestic absorption.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of Mozambique's living standards and economic development compared to using nominal GDP per capita alone.
Q: How is this data collected or calculated?
A: The data is calculated using growth rates of domestic absorption, a measure of overall demand within the Mozambican economy.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate Mozambique's economic performance and living standards relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to occasional revisions and may have a delay of several months before the latest figures are published.
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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 Mozambique (RGDPL2MZA625NUPN), retrieved from FRED.