Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Guatemala
RGDPLPGTA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,089.80
Year-over-Year Change
18.15%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Guatemala, derived from growth rates of consumption, government consumption, and investment.
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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, providing a more accurate comparison of living standards and economic productivity. This trend is widely used by economists and policymakers to evaluate Guatemala's economic development and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula based on national accounts components.
Historical Context
This indicator informs economic policy decisions and comparisons of Guatemala's economic performance on the global stage.
Key Facts
- Guatemala's PPP-adjusted GDP per capita was $8,103 in 2021.
- This metric has grown by an average of 2.4% annually over the past decade.
- Guatemala's PPP GDP per capita is around 23% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Guatemala, adjusted for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity in Guatemala relative to other nations, informing economic policy decisions and global benchmarking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula based on national accounts components for Guatemala.
Q: How is this trend used in economic policy?
A: This indicator informs economic policy decisions and comparisons of Guatemala's economic performance on the global stage.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the World Bank.
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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 Guatemala (RGDPLPGTA625NUPN), retrieved from FRED.