Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Sierra Leone
RGDPLPSLA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
932.10
Year-over-Year Change
82.24%
Date Range
1/1/1961 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Sierra Leone, which is a key indicator of the country'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 PPP-converted GDP per capita metric adjusts the standard GDP per capita figure to account for differences in purchasing power across countries, providing a more accurate comparison of living standards. This data is widely used by economists and policymakers to assess and track Sierra Leone's economic progress.
Methodology
The data is calculated by the World Bank using growth rates of consumption, government consumption, and investment.
Historical Context
This trend is crucial for evaluating Sierra Leone's economic performance and informing policy decisions.
Key Facts
- Sierra Leone's PPP-converted GDP per capita was $1,359 in 2021.
- This metric has grown by an average of 2.5% annually over the past decade.
- The PPP adjustment is crucial for comparing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Sierra Leone, which adjusts the standard GDP per capita figure to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards across countries, making it crucial for economists and policymakers evaluating Sierra Leone's economic progress and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess and track Sierra Leone's economic performance, informing policy decisions aimed at promoting economic development and improving living standards.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying sources used by the World Bank to calculate the PPP-converted GDP per capita for Sierra Leone.
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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 Sierra Leone (RGDPLPSLA625NUPN), retrieved from FRED.