Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Sierra Leone
PCDGDPSLA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,313.24
Year-over-Year Change
172.77%
Date Range
1/1/1961 - 1/1/2010
Summary
The 'Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Sierra Leone' measures the total domestic expenditures, including consumption and investment, per person in Sierra Leone using purchasing power parity conversion. This provides important insights into the standard of living and economic activity in the country.
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
This economic indicator represents the total domestic expenditures, including both private and government consumption as well as investment, on goods and services per capita in Sierra Leone. It is calculated using purchasing power parity (PPP) conversion to account for differences in price levels across countries, providing a more accurate assessment of living standards and economic performance.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis method to convert to purchasing power parity.
Historical Context
This metric is widely used by economists and policymakers to evaluate the economic development and living standards in Sierra Leone relative to other countries.
Key Facts
- Sierra Leone's per capita domestic absorption was $1,305 in 2019.
- Domestic absorption has grown by 38% in Sierra Leone over the past decade.
- Sierra Leone's per capita domestic absorption is about 4% of the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total domestic expenditures, including consumption and investment, per person in Sierra Leone using purchasing power parity conversion.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the standard of living and economic activity in Sierra Leone, allowing for comparisons across countries while accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis method to convert to purchasing power parity.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to evaluate the economic development and living standards in Sierra Leone relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be lags in availability depending on the reporting schedule.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Sierra Leone (PCDGDPSLA620NUPN), retrieved from FRED.