Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Oman
RGDPL2OMA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,790.66
Year-over-Year Change
26.70%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Oman, which is a key metric for assessing a country's economic development and living standards.
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 (Laspeyres) is an internationally comparable measure of economic output that accounts for differences in price levels across countries. It is a valuable tool for economists and policymakers to evaluate and compare the relative prosperity of nations.
Methodology
The data is calculated using growth rates of domestic absorption for Oman.
Historical Context
This metric is widely used to inform economic and social policies aimed at improving living standards and reducing disparities.
Key Facts
- Oman's PPP-adjusted GDP per capita was $36,462 in 2020.
- This metric has grown by an average of 2.3% per year over the past decade.
- Oman ranks 36th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Oman, which reflects the country's economic output and living standards after accounting for differences in price levels.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a valuable metric for evaluating and comparing the relative prosperity of countries, and it informs economic and social policies aimed at improving living standards.
Q: How is this data collected or calculated?
A: The data is calculated using growth rates of domestic absorption for Oman.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to assess a country's economic development and inform policies focused on reducing disparities and improving living standards.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be some delays in the availability of the most recent figures.
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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 Oman (RGDPL2OMA625NUPN), retrieved from FRED.