Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sierra Leone
RGDPCHSLA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
933.54
Year-over-Year Change
82.63%
Date Range
1/1/1961 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sierra Leone measures the country's economic output per person, adjusted for differences in purchasing power across countries. This key metric helps economists and policymakers assess Sierra Leone'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
This series represents Sierra Leone's real GDP per capita, which takes into account the country's population size and purchasing power parity to provide a more accurate comparison of living standards across countries. It is an important indicator used to evaluate economic growth, welfare, and development strategies.
Methodology
The data is calculated by the World Bank using GDP figures and population estimates.
Historical Context
Policymakers and international organizations use this metric to track Sierra Leone's economic progress and guide development programs.
Key Facts
- Sierra Leone's GDP per capita was $1,610 in 2021.
- GDP per capita in Sierra Leone has grown by over 60% since 2000.
- Sierra Leone ranks among the world's lowest in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures Sierra Leone's real GDP per capita, adjusting for differences in purchasing power between countries to provide a more accurate comparison of living standards.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for evaluating Sierra Leone's economic development, living standards, and progress towards poverty reduction goals.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP figures and population estimates.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to track Sierra Leone's economic progress and guide development programs and policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the metric may not fully capture all aspects of economic well-being in Sierra Leone.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sierra Leone (RGDPCHSLA625NUPN), retrieved from FRED.