Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Namibia
RGDPLPNAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,807.12
Year-over-Year Change
33.92%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Namibia, providing insight into the country's economic output and living standards relative to other nations.
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) series accounts for differences in the cost of living across countries, allowing for more accurate comparisons of economic activity and standards of living. It is a widely used metric for evaluating a country's economic development and assessing its progress over time.
Methodology
The data is calculated using growth rates of consumption, government consumption, and investment.
Historical Context
This metric is crucial for policymakers and economists analyzing Namibia's economic performance and competitiveness within the global economy.
Key Facts
- Namibia's PPP-adjusted GDP per capita was $7,700 in 2020.
- The PPP-adjusted GDP per capita is a better indicator of living standards than nominal GDP per capita.
- Namibia's PPP GDP per capita has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Namibia, which accounts for differences in the cost of living across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists analyzing Namibia's economic performance and competitiveness within the global economy, as it provides a more accurate comparison of living standards and economic activity than nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated using growth rates of consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to evaluate Namibia's economic development, assess its progress over time, and compare its performance to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying consumption, government consumption, and investment growth rate information.
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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 Namibia (RGDPLPNAA625NUPN), retrieved from FRED.