Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Panama
RGDPLPPAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,849.33
Year-over-Year Change
60.54%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures real GDP per capita in Panama, adjusted for differences in purchasing power across countries. It is a key indicator of a nation's economic development 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 purchasing power parity (PPP) conversion adjusts GDP to account for price level differences between countries, providing a more accurate comparison of living standards and economic output. This series is derived from growth rates of consumption, government spending, and investment in Panama.
Methodology
The data is calculated by the World Bank using the Laspeyres method to derive real GDP per capita.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to assess economic progress and make cross-country comparisons.
Key Facts
- Panama's PPP-adjusted GDP per capita was $24,789 in 2021.
- This metric has grown by an average of 4.5% annually over the past decade.
- PPP adjustments account for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures real GDP per capita in Panama, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of living standards and economic output.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP per capita metric is widely used by economists, policymakers, and international organizations to assess economic progress and make cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to derive real GDP per capita.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to evaluate a country's economic development, living standards, and progress relative to other nations.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term economic fluctuations.
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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 Panama (RGDPLPPAA625NUPN), retrieved from FRED.