Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Samoa
RGDPL2WSA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,489.32
Year-over-Year Change
33.62%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Samoa, measures the economic output per person in Samoa adjusted for differences in purchasing power 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
This economic indicator provides a standardized measure of living standards by accounting for price level differences between Samoa and other countries. It is a key metric used by economists and policymakers to compare and analyze economic development across nations.
Methodology
The data is calculated by the World Bank using the Laspeyres method to adjust national GDP figures for purchasing power parity.
Historical Context
This metric informs economic policy decisions and cross-country comparisons of economic performance.
Key Facts
- Samoa's GDP per capita adjusted for purchasing power was $7,070 in 2021.
- Samoa's GDP per capita is approximately 13% of the United States' level.
- Purchasing power parity helps account for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This metric measures the economic output per person in Samoa, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a standardized way to compare living standards and economic development between Samoa and other nations.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using the Laspeyres method to adjust Samoa's GDP figures for purchasing power parity.
Q: How is this trend used in economic policy?
A: This metric informs economic policy decisions and cross-country comparisons of economic performance by policymakers and analysts.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the metric relies on estimates and adjustments that could have some inherent limitations.
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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 Samoa (RGDPL2WSA625NUPN), retrieved from FRED.