Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Iraq
PC2GDPIQA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,168.66
Year-over-Year Change
67.55%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Iraq, providing a more accurate comparison of living standards across countries.
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 adjusts a country's GDP to account for differences in price levels, allowing for more meaningful international comparisons of living standards and economic output. It is a key metric used by economists and policymakers to evaluate and benchmark economic development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis-CCD (GK-CCD) method to convert GDP to a common currency and price level.
Historical Context
This metric informs analyses of global economic competitiveness, development, and quality of life.
Key Facts
- Iraq's PPP-adjusted GDP per capita was $13,957 in 2021.
- This represents a 44% increase from Iraq's 2012 PPP GDP per capita of $9,692.
- Iraq ranks 78th globally in PPP GDP per capita as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Iraq, providing a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: Purchasing power parity GDP per capita is a key metric used by economists and policymakers to evaluate and benchmark economic development and living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis-CCD (GK-CCD) method to convert GDP to a common currency and price level.
Q: How is this trend used in economic policy?
A: This metric informs analyses of global economic competitiveness, development, and quality of life, providing important context for policymakers and market participants.
Q: Are there update delays or limitations?
A: The latest available data point is from 2021, with a typical 1-2 year lag in publication.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Iraq (PC2GDPIQA620NUPN), retrieved from FRED.