Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Algeria
RGDPCHDZA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,263.34
Year-over-Year Change
28.20%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Algeria, adjusting for differences in national price levels. It provides insights into the relative economic well-being and development of the Algerian population.
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) GDP per capita is a key metric used to compare the economic output and living standards across countries. It reflects the total economic production divided by the population, converted to a common currency and adjusted for price level differences.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic performance and living standards.
Key Facts
- Algeria's PPP GDP per capita was $13,462 in 2021.
- Algeria's PPP GDP per capita has grown by 36% since 2010.
- Algeria ranks 92nd globally in PPP GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Algeria, which adjusts the total economic output per person for differences in national price levels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic well-being across countries than nominal GDP per capita, as it accounts for differences in the cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to assess economic performance, living standards, and development across countries.
Q: Are there update delays or limitations?
A: The data is updated annually, with a slight delay, and may be subject to revisions as underlying national accounts data is updated.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Algeria (RGDPCHDZA625NUPN), retrieved from FRED.