Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Botswana
RGDPLPBWA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,673.11
Year-over-Year Change
33.88%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Botswana. It is a crucial metric for assessing a country's standard of living and economic development.
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) is an internationally comparable measure of economic output adjusted for differences in price levels across countries. It provides a more accurate picture of relative living standards than unadjusted GDP per capita.
Methodology
The data is calculated based on growth rates of consumption, government consumption, and investment for Botswana.
Historical Context
This metric is widely used by policymakers, international organizations, and analysts to evaluate economic performance and make cross-country comparisons.
Key Facts
- Botswana's GDP per capita in purchasing power parity terms was $18,206 in 2021.
- Botswana's economy has grown rapidly since the 1990s, driven by diamond exports and tourism.
- Adjusting for purchasing power provides a more accurate picture of living standards compared to nominal GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Botswana, providing a more accurate assessment of the country's standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating and comparing economic performance and living standards across countries, as it accounts for differences in price levels that are not captured by nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of consumption, government consumption, and investment for Botswana.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, international organizations, and analysts to assess economic development and make cross-country comparisons, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability of the underlying growth rate components and may be subject to revisions over time.
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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 Botswana (RGDPLPBWA625NUPN), retrieved from FRED.