Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Liberia
RGDPLPLRA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
459.25
Year-over-Year Change
17.75%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Liberia, 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 provides a more accurate comparison of living standards across countries by accounting for differences in price levels. This data point is crucial for economists and policymakers analyzing Liberia's economic development and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using growth rates of key GDP components.
Historical Context
This indicator is widely used to evaluate Liberia's economic performance and make cross-country comparisons.
Key Facts
- Liberia's PPP-adjusted GDP per capita was $1,176 in 2021.
- Liberia's GDP per capita is significantly lower than the global average.
- The PPP adjustment accounts for differences in purchasing power across countries.
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 Liberia, derived from growth rates of consumption, government consumption, and investment.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric provides a more accurate comparison of living standards across countries by accounting for differences in price levels, making it crucial for economists and policymakers analyzing Liberia's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of key GDP components.
Q: How is this trend used in economic policy?
A: This indicator is widely used to evaluate Liberia's economic performance and make cross-country comparisons, informing economic and development policies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions by 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 Liberia (RGDPLPLRA625NUPN), retrieved from FRED.