Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Panama
PPCGDPPAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,495.74
Year-over-Year Change
105.18%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP)-adjusted gross domestic product (GDP) per capita for Panama. It is a key indicator of a country's economic development and living standards.
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) conversion adjusts GDP to account for differences in the cost of living across countries, providing a more accurate comparison of living standards. The G-K method is a specific PPP conversion approach used to calculate this metric.
Methodology
The data is collected and calculated by the World Bank using a standardized PPP conversion process.
Historical Context
This indicator is widely used by economists, policymakers, and international institutions to analyze and compare economic performance across countries.
Key Facts
- Panama's PPP-adjusted GDP per capita was $25,686 in 2021.
- This metric has grown by over 250% since 1990.
- Panama ranks 59th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP)-adjusted gross domestic product (GDP) per capita for Panama, which provides a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used by economists, policymakers, and international institutions to analyze and compare economic performance and living standards across countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a standardized PPP conversion process.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess a country's economic development, make international comparisons, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Panama (PPCGDPPAA620NUPN), retrieved from FRED.