Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Senegal
RGDPLPSNA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,468.91
Year-over-Year Change
20.59%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Senegal, derived from growth rates of consumption, government consumption, and investment.
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 provides a standardized measure of economic output that accounts for differences in purchasing power across countries, allowing for more accurate international comparisons. This metric is widely used by economists and policymakers to assess a country's standard of living and economic development.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula.
Historical Context
This indicator is important for understanding Senegal's economic performance and informing policy decisions.
Key Facts
- Senegal's PPP-converted GDP per capita was $2,767 in 2021.
- This metric has grown by an average of 2.4% annually over the past decade.
- Senegal's PPP-converted GDP per capita is approximately 10% of the United States' level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Senegal, which accounts for differences in prices across countries to provide a more accurate comparison of living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess a country's standard of living and economic development, allowing for more meaningful international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: This indicator is important for understanding Senegal's economic performance and informing policy decisions, as it provides insights into the country's standard of living and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying economic indicators used in the calculation.
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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 Senegal (RGDPLPSNA625NUPN), retrieved from FRED.