Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Timor-Leste
RGDPL2TLA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,117.12
Year-over-Year Change
-5.24%
Date Range
1/1/2000 - 1/1/2010
Summary
This economic trend measures Timor-Leste's Purchasing Power Parity (PPP) converted GDP per capita, which is a key indicator of the 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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) for Timor-Leste is a standardized measure that allows for international comparisons of economic output and living standards. It is derived from the growth rates of domestic absorption, providing insights into the nation's economic performance.
Methodology
The data is calculated by the World Bank using a Laspeyres index to convert GDP per capita to international dollars.
Historical Context
This trend is widely used by policymakers, economists, and international organizations to assess Timor-Leste's economic progress and development.
Key Facts
- Timor-Leste's GDP per capita in 2021 was $5,732.
- The country has experienced steady economic growth in recent years.
- Purchasing Power Parity adjusts for differences in price levels across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Timor-Leste's Purchasing Power Parity (PPP) converted GDP per capita, which provides a standardized way to compare the country's economic output and living standards internationally.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by policymakers, economists, and international organizations to assess Timor-Leste's economic progress and development over time.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index to convert GDP per capita to international dollars.
Q: How is this trend used in economic policy?
A: This trend provides valuable insights into Timor-Leste's economic performance and living standards, which can inform policymaking and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year before the most recent figures are available.
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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 Timor-Leste (RGDPL2TLA625NUPN), retrieved from FRED.