Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for El Salvador
RGDPL2SVA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,140.26
Year-over-Year Change
19.31%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures purchasing power parity (PPP) adjusted real GDP per capita for El Salvador, 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) metric represents the real GDP per capita of El Salvador, adjusted for differences in purchasing power across countries. This allows for more accurate comparisons of living standards and economic productivity between nations.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess El Salvador's economic performance and development over time.
Key Facts
- El Salvador's 2021 GDP per capita (PPP) was $8,443.
- The country's PPP-adjusted GDP per capita has grown by 2.4% annually over the past decade.
- Compared to the global average, El Salvador's living standards are about 40% lower.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted real GDP per capita for El Salvador, which provides a more accurate comparison of living standards and economic productivity compared to using nominal exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess El Salvador's economic performance and development over time in relation to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption to derive the PPP-adjusted real GDP per capita for El Salvador.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this PPP-adjusted GDP per capita metric to evaluate El Salvador's economic progress, living standards, and productivity compared to other nations, informing economic and development policies.
Q: Are there update delays or limitations?
A: There may be some time lag in the availability of the most recent data due to the complex calculations involved in deriving the PPP-adjusted GDP per capita estimates.
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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 El Salvador (RGDPL2SVA625NUPN), retrieved from FRED.