Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Mauritius
RGDPLPMUA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,163.74
Year-over-Year Change
45.49%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Mauritius, providing insight into the country's overall economic performance 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 (Laspeyres) is a key metric that allows for cross-country comparisons of living standards by accounting for differences in price levels. It is widely used by economists and policymakers to evaluate economic development and make informed decisions.
Methodology
The data is calculated by the World Bank using the Laspeyres index method based on growth rates of consumption, government consumption, and investment.
Historical Context
This metric is crucial for assessing Mauritius' economic progress and informing policy decisions aimed at improving the country's standard of living.
Key Facts
- Mauritius' PPP-adjusted GDP per capita was $23,462 in 2021.
- The country has experienced steady economic growth over the past decade.
- Mauritius is considered one of the most prosperous economies in Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Mauritius, which provides a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating Mauritius' economic performance and development, as well as informing policy decisions aimed at improving the country's standard of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres index method based on growth rates of consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Mauritius' economic progress and make informed decisions to enhance the country's standard of living and overall economic development.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, and there may be some delays in the release of the latest 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 Mauritius (RGDPLPMUA625NUPN), retrieved from FRED.