Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Antigua and Barbuda
RGDPCHAGA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,485.52
Year-over-Year Change
5.76%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Antigua and Barbuda, allowing for cross-country comparisons of 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
The purchasing power parity (PPP) converted GDP per capita metric adjusts the raw GDP figure to account for differences in price levels between countries, providing a more accurate assessment of relative living standards and economic development.
Methodology
The data is calculated by the World Bank using a complex multilateral price comparison process.
Historical Context
Policymakers and analysts use this metric to evaluate the economic performance and relative prosperity of Antigua and Barbuda compared to other nations.
Key Facts
- Antigua and Barbuda's 2021 PPP-adjusted GDP per capita was $24,789.
- This places Antigua and Barbuda among the wealthiest Caribbean nations.
- GDP per capita adjusted for PPP is a more accurate measure of living standards than raw GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted gross domestic product (GDP) per capita for Antigua and Barbuda, allowing for cross-country comparisons of living standards.
Q: Why is this trend relevant for users or analysts?
A: Policymakers and analysts use this metric to evaluate the economic performance and relative prosperity of Antigua and Barbuda compared to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a complex multilateral price comparison process.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the economic performance and relative prosperity of Antigua and Barbuda compared to other nations.
Q: Are there update delays or limitations?
A: The data is subject to the World Bank's publication schedule and may have some delay in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Antigua and Barbuda (RGDPCHAGA625NUPN), retrieved from FRED.