Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Gabon
PCDGDPGAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,903.11
Year-over-Year Change
10.02%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the per capita purchasing power parity (PPP) converted domestic absorption for Gabon, which reflects the total value of goods and services consumed and invested within the country's economy.
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
Domestic absorption includes private consumption, government consumption, and gross capital formation. PPP conversion adjusts for differences in price levels between countries, providing a more accurate comparison of real economic activity.
Methodology
The data is calculated by the World Bank using national accounts statistics and PPP exchange rates.
Historical Context
This metric is used by economists and policymakers to evaluate the overall size and living standards of Gabon's economy.
Key Facts
- Gabon's per capita domestic absorption was $13,896 in 2021.
- Domestic absorption accounts for over 90% of Gabon's GDP.
- Gabon's domestic absorption has grown by 23% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the per capita purchasing power parity (PPP) converted domestic absorption for Gabon, which reflects the total value of goods and services consumed and invested within the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to evaluate the overall size and living standards of Gabon's economy, as it provides a more accurate comparison of real economic activity across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and PPP exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess the overall size and living standards of Gabon's economy, which can inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Gabon (PCDGDPGAA620NUPN), retrieved from FRED.