Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Dominica
RGDPLPDMA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,349.72
Year-over-Year Change
32.27%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Dominica, derived from growth rates of consumption, government consumption, and investment. It provides insights into the real purchasing power and living standards of Dominica's population.
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) for Dominica is an important metric that allows for cross-country comparisons of economic output and living standards. It accounts for differences in price levels between countries to better reflect the real purchasing power of a country's citizens.
Methodology
The data is calculated by the World Bank using the Laspeyres method to derive real GDP per capita from growth rates of the expenditure components of GDP.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to assess the relative economic development and living standards of different countries.
Key Facts
- Dominica's PPP-adjusted GDP per capita was $18,462 in 2021.
- The Laspeyres method is used to derive real GDP per capita from growth rates.
- PPP adjustments account for differences in price levels between countries.
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 Dominica, derived from growth rates of consumption, government consumption, and investment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the real purchasing power and living standards of Dominica's population, allowing for cross-country comparisons of economic output and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to derive real GDP per capita from growth rates of the expenditure components of GDP.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international institutions to assess the relative economic development and living standards of different countries.
Q: Are there update delays or limitations?
A: The data may have update delays due to the complex methodology and cross-country comparisons involved.
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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 Dominica (RGDPLPDMA625NUPN), retrieved from FRED.