Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for El Salvador
RGDPLPSVA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,167.54
Year-over-Year Change
18.88%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for El Salvador, derived from growth rates of consumption, government consumption, and investment. It provides insights into the country's economic productivity 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 is a metric that adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic output and living standards. This trend is a valuable indicator for policymakers and analysts studying El Salvador's economic development and competitiveness.
Methodology
The data is calculated by the U.S. Federal Reserve using growth rates of key national accounts components.
Historical Context
This metric is widely used by economists and international organizations to assess economic performance and guide policy decisions.
Key Facts
- El Salvador's PPP-converted GDP per capita was $7,700 in 2021.
- The trend has shown modest growth over the past decade.
- PPP-adjusted metrics are important for cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for El Salvador, which adjusts the country's economic output for differences in price levels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic productivity between countries than nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using 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 international organizations use this PPP-adjusted GDP per capita metric to assess economic performance and guide policy decisions related to development, trade, and living standards.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the metric relies on growth rates of national accounts components which are typically reported with a lag.
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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 El Salvador (RGDPLPSVA625NUPN), retrieved from FRED.