Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Georgia
PCDGDPGEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,931.03
Year-over-Year Change
159.21%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted domestic absorption per capita for Georgia, providing insights into the country's economic performance 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
Purchasing power parity (PPP) converted domestic absorption per capita is a comprehensive metric that captures a country's overall economic activity and resource utilization. It is a useful indicator for evaluating and comparing the economic development and living standards across different countries.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to adjust for price level differences between countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess a country's economic development and make informed decisions.
Key Facts
- Georgia's PPP-converted domestic absorption per capita in 2020 was $12,619.
- This metric has grown by an average of 4.7% annually over the past decade.
- Georgia's PPP-adjusted domestic absorption is about 38% of the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Georgia, which represents the country's overall economic activity and resource utilization adjusted for price level differences.
Q: Why is this trend relevant for users or analysts?
A: This metric is highly relevant for evaluating and comparing the economic development and living standards across different countries, as it provides a comprehensive view of a country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method, which adjusts for price level differences between countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess a country's economic development and make informed decisions about economic policies and resource allocation.
Q: Are there update delays or limitations?
A: The data is typically updated annually, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Georgia (PCDGDPGEA620NUPN), retrieved from FRED.