Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Jamaica
RGDPCHJMA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,538.64
Year-over-Year Change
-3.19%
Date Range
1/1/1953 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Jamaica measures the economic output per person in Jamaica, adjusted for differences in purchasing power across countries.
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 metric provides a more accurate comparison of living standards and economic development between Jamaica and other nations by accounting for price level differences. It is a widely used indicator for evaluating global economic trends and inequality.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to convert GDP into a common currency.
Historical Context
Policymakers and analysts use this indicator to benchmark Jamaica's economic progress and make informed decisions.
Key Facts
- Jamaica's GDP per capita was $9,275 in 2021.
- GDP per capita in Jamaica has grown by 34% over the past decade.
- Jamaica ranks 103rd globally in purchasing power parity GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total economic output of Jamaica divided by its population, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic development in Jamaica relative to other nations, which is critical for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to convert Jamaica's GDP into a common currency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to benchmark Jamaica's economic progress and make informed decisions about economic and social policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Jamaica (RGDPCHJMA625NUPN), retrieved from FRED.