Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Djibouti
RGDPLPDJA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,411.72
Year-over-Year Change
31.53%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per capita for Djibouti, adjusted using the Laspeyres method. It provides insights into the country's economic productivity 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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) indicator tracks the real GDP per person in Djibouti, adjusting for differences in purchasing power across countries. This metric is widely used by economists and policymakers to compare living standards and economic development globally.
Methodology
The data is calculated using growth rates of consumption, government consumption, and investment in Djibouti.
Historical Context
This trend informs analyses of Djibouti's economic performance and is used to benchmark the country's development against regional and global peers.
Key Facts
- Djibouti's GDP per capita was $3,564 in 2021.
- GDP per capita in Djibouti has grown by 2.8% annually over the past decade.
- Djibouti ranks 161st globally in GDP per capita based on purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Djibouti, adjusted using the Laspeyres method. It provides insights into the country's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to compare living standards and economic development across countries, informing analyses of Djibouti's economic performance and benchmarking its progress against regional and global peers.
Q: How is this data collected or calculated?
A: The data is calculated using growth rates of consumption, government consumption, and investment in Djibouti.
Q: How is this trend used in economic policy?
A: This trend informs analyses of Djibouti's economic performance and is used to benchmark the country's development against regional and global peers, providing valuable insights for policymakers and economists.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying components used in the calculation, which may result in occasional update delays.
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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 Djibouti (RGDPLPDJA625NUPN), retrieved from FRED.