Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Benin
RGDPLPBJA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,176.75
Year-over-Year Change
10.49%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Benin, derived from growth rates of consumption, government consumption, and investment.
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 provides a standardized measure of economic output and living standards across countries, adjusting for differences in price levels. This metric is widely used by economists and policymakers to assess economic development and make international comparisons.
Methodology
The data is calculated by the World Bank using growth rates of key national accounts components.
Historical Context
This indicator offers insights into Benin's economic performance and can inform policy decisions.
Key Facts
- Benin's PPP-converted GDP per capita was $2,443 in 2021.
- The metric has grown at an average annual rate of 1.8% over the past decade.
- Benin's PPP-converted GDP per capita is approximately 7% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Benin, which adjusts for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized measure of economic output and living standards that enables meaningful international comparisons, informing policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of key national accounts components like consumption, government spending, and investment.
Q: How is this trend used in economic policy?
A: This indicator offers insights into Benin's economic performance and can inform policy decisions aimed at promoting economic development and improving living standards.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the World Bank relies on national accounts data reported by Benin's statistical agencies.
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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 Benin (RGDPLPBJA625NUPN), retrieved from FRED.