Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Laos
RGDPLPLAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,620.06
Year-over-Year Change
107.50%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures Laos' purchasing power parity-adjusted gross domestic product per capita, derived from the growth rates of consumption, government spending, 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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) metric provides a standardized measure of economic output and living standards in Laos, adjusting for differences in prices and purchasing power across countries.
Methodology
The data is calculated using the Laspeyres index method based on growth rates of key economic components.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze and compare economic development across nations.
Key Facts
- Laos' GDP per capita was $7,337 in 2021.
- Laos' GDP per capita has grown by over 300% since 1990.
- Laos is classified as a lower-middle income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This metric measures Laos' gross domestic product per capita, adjusted for differences in purchasing power and price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides a standardized way to compare living standards and economic development between Laos and other nations.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres index method based on growth rates of key economic components like consumption, government spending, and investment.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this data to analyze and compare economic progress, set development goals, and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags of several months in data availability, and the underlying methodology may have limitations in fully accounting for all price and purchasing power differences.
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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 Laos (RGDPLPLAA625NUPN), retrieved from FRED.