Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Mozambique
PPCGDPMZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
862.84
Year-over-Year Change
136.73%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted GDP per capita for Mozambique, using the Geary-Khamis (G-K) method at current prices. It provides insights into the country's economic development 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 is a key indicator of a country's economic performance and standard of living. It adjusts the GDP per capita for differences in purchasing power, allowing for more accurate cross-country comparisons. The G-K method is a widely used approach for calculating PPP conversion factors.
Methodology
The data is collected and calculated by the World Bank using established PPP conversion methodologies.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze and compare economic development across countries.
Key Facts
- Mozambique's PPP-converted GDP per capita was $540 in 2021.
- PPP adjustments account for cost-of-living differences across countries.
- The G-K method is a multilateral approach for calculating PPP conversion factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted GDP per capita for Mozambique, using the Geary-Khamis (G-K) method at current prices. It provides a more accurate representation of the country's standard of living compared to market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a widely used indicator for comparing the economic development and standard of living across countries, as it accounts for differences in purchasing power. This trend is relevant for economists, policymakers, and international organizations analyzing Mozambique's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established Purchasing Power Parity (PPP) conversion methodologies, including the Geary-Khamis (G-K) method.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to analyze and compare Mozambique's economic development and standard of living relative to other countries. It informs policy decisions and provides insights for economic and social development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be some limitations in the underlying data sources and methodologies used to calculate the PPP conversion factors.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Mozambique (PPCGDPMZA620NUPN), retrieved from FRED.