Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Qatar
RGDPLPQAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,311.01
Year-over-Year Change
128.36%
Date Range
1/1/1986 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres) trend measures the economic output per person in Qatar, adjusted for differences in purchasing power across countries.
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
This indicator provides a standardized comparison of living standards and productivity across nations by accounting for price level differences. It is a key metric used by economists and policymakers to assess a country's economic development and make international comparisons.
Methodology
The data is calculated based on national accounts information and purchasing power parity (PPP) conversion factors.
Historical Context
This metric informs discussions around economic policy, trade, and global competitiveness.
Key Facts
- Qatar has one of the highest GDP per capita in the world.
- Qatar's economy is heavily dependent on oil and gas production.
- Living standards in Qatar are among the highest globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output per person in Qatar, adjusted for differences in purchasing power across countries using a standardized Laspeyres index.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and productivity between Qatar and other nations, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This metric informs discussions around economic policy, trade, and global competitiveness by providing a standardized basis for comparing economic development across countries.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the accuracy of the metric depends on the quality of the underlying national accounts and PPP data.
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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 Qatar (RGDPLPQAA625NUPN), retrieved from FRED.