Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Morocco
RGDPLPMAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,621.14
Year-over-Year Change
45.75%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Morocco, 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 is a key indicator of a country's economic development and standard of living. It accounts for differences in purchasing power across countries, providing a more accurate comparison than market exchange rates.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze and compare economic performance across countries.
Key Facts
- Morocco's PPP-converted GDP per capita was $7,590 in 2021.
- The PPP-converted measure accounts for differences in prices across countries.
- This metric is used to track economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Morocco, adjusted to account for differences in prices across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key indicator of a country's economic development and standard of living, allowing for more accurate comparisons across countries than market exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula to adjust for differences in purchasing power.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to analyze and compare economic performance and living standards across countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential delays in the most recent year's figures.
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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 Morocco (RGDPLPMAA625NUPN), retrieved from FRED.