Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Armenia
RGDPLPAMA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,411.61
Year-over-Year Change
144.65%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures Armenia's purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita, derived from growth rates of consumption, government consumption, and investment. It provides insight 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 PPP-converted GDP per capita metric adjusts for differences in price levels across countries, allowing for more accurate comparisons of economic output and living standards. This data series is a valuable tool for economists and policymakers analyzing Armenia's economic progress and competitiveness.
Methodology
The data is calculated by the World Bank using growth rates of key economic components.
Historical Context
This metric is widely used to evaluate Armenia's economic performance and living standards in a global context.
Key Facts
- Armenia's PPP-adjusted GDP per capita was $13,206 in 2021.
- This metric has grown by an average of 4.5% annually over the past decade.
- Armenia ranks 92nd globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Armenia's purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita, derived from growth rates of consumption, government consumption, and investment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into Armenia's economic development and living standards relative to other countries, allowing for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of key economic components.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to evaluate Armenia's economic performance and living standards in a global context.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Armenia (RGDPLPAMA625NUPN), retrieved from FRED.