Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Jordan
RGDPLPJOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,469.07
Year-over-Year Change
35.63%
Date Range
1/1/1954 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Jordan, providing a standardized metric for international comparisons of economic output and living standards.
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 across countries, allowing for more accurate assessments of relative economic prosperity. This data is widely used by economists, policymakers, and international organizations to evaluate Jordan's economic development and living standards compared to other nations.
Methodology
The data is calculated based on growth rates of consumption, government consumption, and investment.
Historical Context
This metric is critical for informing economic policy and assessing Jordan's competitiveness in the global marketplace.
Key Facts
- Jordan's PPP-adjusted GDP per capita was $8,850 in 2021.
- This metric has grown by an average of 2.3% annually over the past decade.
- Jordan ranks 91st globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP) adjusted GDP per capita for Jordan, providing a standardized way to compare economic output and living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This data is critical for evaluating Jordan's economic development and competitiveness compared to other nations, informing policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The PPP-adjusted GDP per capita is calculated based on growth rates of consumption, government consumption, and investment in Jordan.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to assess Jordan's economic performance and living standards, informing decisions around trade, investment, and development policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the underlying components are subject to revisions. Users should check for the most recent updates from authoritative sources.
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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 Jordan (RGDPLPJOA625NUPN), retrieved from FRED.