Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Vanuatu
RGDPLPVUA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,696.47
Year-over-Year Change
20.93%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Vanuatu's Purchasing Power Parity (PPP) converted GDP per capita, derived from growth rates of consumption, government consumption, and investment. It provides insights into the country's economic development and living standards relative to other nations.
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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) trend for Vanuatu represents the country's total economic output per person, adjusted for differences in purchasing power across countries. This metric is widely used by economists and policymakers to compare living standards and make informed decisions about economic policies.
Methodology
The data is calculated by the World Bank using a Laspeyres index method that accounts for changes in consumption, government spending, and investment.
Historical Context
This trend is often used to evaluate Vanuatu's economic performance and guide policy decisions aimed at improving the country's living standards and competitiveness.
Key Facts
- Vanuatu's GDP per capita (PPP) was $3,206 in 2021.
- GDP per capita (PPP) has grown by an average of 2.3% annually over the past decade.
- Vanuatu is classified as a lower-middle-income country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures Vanuatu's Purchasing Power Parity (PPP) converted GDP per capita, which represents the country's total economic output per person, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Vanuatu's economic development and living standards relative to other nations, making it a valuable metric for economists and policymakers evaluating the country's economic performance and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index method that accounts for changes in consumption, government spending, and investment.
Q: How is this trend used in economic policy?
A: This trend is often used to evaluate Vanuatu's economic performance and guide policy decisions aimed at improving the country's living standards and competitiveness.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, and there may be some delays in the availability of the most recent figures.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for South Africa
RGDPLPZAA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Bangladesh
RGDPLPBDA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Poland
RGDPLPPLA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Canada
RGDPCHCAA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Angola
RGDPCHAOA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Paraguay
RGDPCHPYA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Vanuatu (RGDPLPVUA625NUPN), retrieved from FRED.