Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Paraguay
RGDPLPPYA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,068.75
Year-over-Year Change
16.85%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic trend measures Paraguay's purchasing power parity (PPP) adjusted GDP per capita, derived from growth rates of consumption, government spending, and investment. It provides insights into the country's economic development and standard of living.
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 metric adjusts for differences in purchasing power across countries, allowing for more accurate cross-country comparisons of economic output and living standards. This data series is a useful indicator of Paraguay's economic progress and the overall well-being of its population.
Methodology
The data is calculated by the World Bank using the Laspeyres method based on growth rates of key national accounts components.
Historical Context
Policymakers and analysts use this metric to evaluate Paraguay's economic performance and make informed decisions about policies and investments.
Key Facts
- Paraguay's GDP per capita (PPP) was $13,302 in 2021.
- The country's PPP-adjusted GDP per capita has grown by over 50% since 2000.
- Paraguay's PPP-adjusted GDP per capita is around 40% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures Paraguay's purchasing power parity (PPP) adjusted GDP per capita, which provides a more accurate comparison of living standards and economic output across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Paraguay's economic development and the well-being of its population, as it accounts for differences in purchasing power compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method based on growth rates of key national accounts components like consumption, government spending, and investment.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Paraguay's economic performance and make informed decisions about policies and investments that can promote further economic progress and improve living standards.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank typically publishes this information on an annual basis with a lag of several months.
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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 Paraguay (RGDPLPPYA625NUPN), retrieved from FRED.