Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Samoa
RGDPLPWSA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,442.46
Year-over-Year Change
30.66%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Samoa, providing insight into the country's overall economic well-being 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 metric adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic output and living standards. This data is derived from growth rates of consumption, government spending, and investment in Samoa.
Methodology
The data is calculated by the World Bank using a Laspeyres-type index formula.
Historical Context
This metric is widely used by economists and policymakers to evaluate economic development and guide policy decisions.
Key Facts
- Samoa's PPP-converted GDP per capita was $6,302 in 2021.
- This metric has grown by an average of 1.7% annually over the past decade.
- Purchasing power parity adjusts for cost-of-living differences between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Samoa, providing insight into the country's overall economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of economic development and living standards between countries by adjusting for differences in domestic price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres-type index formula.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate economic development and guide policy decisions related to international trade, investment, and standards of living.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the underlying sources are compiled by international organizations.
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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 Samoa (RGDPLPWSA625NUPN), retrieved from FRED.