Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Vanuatu
RGDPL2VUA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,619.98
Year-over-Year Change
21.10%
Date Range
1/1/1970 - 1/1/2010
Summary
This series measures the purchasing power parity (PPP) converted GDP per capita for Vanuatu, derived from growth rates of domestic absorption. It provides a standardized metric for comparing economic output and living standards across countries.
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 for differences in price levels between countries, enabling more accurate comparisons of economic activity and well-being. It is a widely used indicator for assessing development and living standards globally.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This metric is relevant for policymakers, economists, and investors analyzing the Vanuatu economy and its position relative to other countries.
Key Facts
- Vanuatu is a developing island nation in the South Pacific.
- GDP per capita is a key measure of economic well-being and living standards.
- PPP conversion allows for more accurate international comparisons of economic output.
FAQs
Q: What does this economic trend measure?
A: This series measures the purchasing power parity (PPP) converted GDP per capita for Vanuatu, which adjusts for differences in price levels between countries to enable more accurate comparisons of economic activity and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a widely used indicator for assessing economic development and living standards globally, making it relevant for policymakers, economists, and investors analyzing the Vanuatu economy and its position relative 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.
Q: How is this trend used in economic policy?
A: This metric is relevant for policymakers, economists, and investors analyzing the Vanuatu economy and its position relative to other countries, as it provides a standardized basis for comparing economic output and living standards.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which collects and compiles the underlying information.
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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 Vanuatu (RGDPL2VUA625NUPN), retrieved from FRED.