Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Tanzania
RGDPLPTZA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,177.70
Year-over-Year Change
69.59%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Tanzania, providing insight into the country's standard of living and economic development.
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
Purchasing power parity (PPP) GDP per capita is an important metric for cross-country comparisons, as it accounts for differences in the cost of living and purchasing power. This series is derived from the growth rates of key macroeconomic components like consumption, government spending, and investment.
Methodology
The data is calculated by the World Bank using a Laspeyres index method.
Historical Context
This trend is widely used by policymakers, economists, and investors to assess Tanzania's economic performance and competitiveness.
Key Facts
- Tanzania's PPP GDP per capita was $3,206 in 2021.
- The trend has shown steady growth over the past decade.
- PPP adjustments are crucial for accurately comparing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Tanzania, providing a more accurate comparison of living standards and economic development compared to using exchange rate-based GDP per capita.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and investors to assess Tanzania's economic performance and competitiveness relative to other countries, as it accounts for differences in the cost of living and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index method, which adjusts GDP per capita to reflect purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-adjusted GDP per capita trend to evaluate Tanzania's economic development, set appropriate policies, and make informed decisions about investment and trade.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as the World Bank compiles and releases the PPP-adjusted GDP figures on a periodic basis.
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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 Tanzania (RGDPLPTZA625NUPN), retrieved from FRED.