Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Nepal
RGDPL2NPA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,149.58
Year-over-Year Change
44.99%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Nepal, derived from growth rates of domestic absorption. It provides insights into the real standard of living and economic productivity in Nepal.
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 series adjusts the nominal GDP per capita figure to account for differences in purchasing power across countries, allowing for more accurate comparisons of living standards. This metric is widely used by economists and policymakers to evaluate economic development and growth.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This trend is relevant for assessing Nepal's economic performance and living standards relative to other countries.
Key Facts
- Nepal's PPP-converted GDP per capita was $2,700 in 2021.
- The trend has shown steady growth over the past decade.
- Nepal's GDP per capita remains well below the global average.
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 Nepal, adjusted to account for differences in prices 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 productivity in Nepal relative to other countries, which is valuable for economists, policymakers, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Nepal's economic development and living standards, and to inform policy decisions aimed at improving the country's economic performance and quality of life.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture the most recent economic changes in Nepal.
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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 Nepal (RGDPL2NPA625NUPN), retrieved from FRED.