Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Macao
RGDPLPMOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,785.26
Year-over-Year Change
139.68%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Macao, derived from growth rates of consumption, government consumption, and investment. It provides insights into the standard of living and economic productivity of the Macao region.
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 for Macao is an important metric that allows for cross-country comparisons of living standards and economic development. It accounts for differences in price levels between countries to present a more accurate picture of real incomes and purchasing power.
Methodology
The data is calculated using the Laspeyres method based on growth rates of key macroeconomic components.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze the economic performance and growth potential of the Macao region.
Key Facts
- Macao's PPP-converted GDP per capita was $122,436 in 2021.
- Macao has the highest GDP per capita among all regions and countries.
- The Laspeyres method is used to calculate this trend to account for changes in consumption, government spending, and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Macao, which provides a more accurate comparison of living standards and economic productivity across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and investors to analyze the economic performance and growth potential of the Macao region.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres method based on growth rates of key macroeconomic components such as consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to compare the standard of living and economic productivity of Macao with other countries, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying macroeconomic components used in the Laspeyres calculation.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Russia
RGDPCHRUA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Afghanistan
RGDPCHAFA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Solomon Islands
RGDPL2SBA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Palau
RGDPCHPWA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Argentina
RGDPL2ARA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Samoa
RGDPL2WSA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Macao (RGDPLPMOA625NUPN), retrieved from FRED.