Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Fiji
RGDPLPFJA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,153.27
Year-over-Year Change
6.47%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Fiji's gross domestic product (GDP) per capita adjusted for purchasing power parity, providing a more accurate comparison of living standards across countries.
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) metric adjusts a country's GDP per capita to account for differences in domestic price levels, enabling cross-country comparisons of economic well-being and living standards.
Methodology
The data is calculated using growth rates of consumption, government consumption, and investment.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze and compare economic development across nations.
Key Facts
- Fiji's GDP per capita in purchasing power parity terms was $12,302 in 2021.
- This metric adjusts for differences in domestic price levels across countries.
- Fiji's GDP per capita in PPP terms is higher than its nominal GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Fiji's gross domestic product (GDP) per capita, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic well-being across nations by accounting for variations in domestic price levels.
Q: How is this data collected or calculated?
A: The data is calculated using growth rates of consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze and compare economic development across countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying growth rate components.
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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 Fiji (RGDPLPFJA625NUPN), retrieved from FRED.