Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Ethiopia
RGDPLPETA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
680.99
Year-over-Year Change
70.90%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per capita for Ethiopia, derived from growth rates of consumption, government consumption, and investment. It provides insights into the real economic output and living standards of the Ethiopian 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 (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 useful for analyzing the long-term growth and development of the Ethiopian economy.
Methodology
The data is calculated by the World Bank using growth rates of key economic components.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Ethiopia's economic performance and progress.
Key Facts
- Ethiopia's GDP per capita reached $2,336 in 2021.
- The country's economy has grown by an average of 6.1% annually over the past decade.
- Ethiopia is the second-most populous country in Africa, with over 110 million people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Ethiopia, which adjusts for differences in price levels to provide a more accurate comparison of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the long-term growth and development of the Ethiopian economy, as well as assessing the real living standards of the population.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of key economic components, including consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate Ethiopia's economic performance and progress, informing policy decisions and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying economic growth rates 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 Ethiopia (RGDPLPETA625NUPN), retrieved from FRED.