Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for United Arab Emirates
RGDPL2AEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,395.10
Year-over-Year Change
1.46%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for the United Arab Emirates, derived from growth rates of domestic absorption. It provides insights into the 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
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres) metric adjusts GDP per capita to account for differences in the cost of living across countries, enabling cross-country comparisons of living standards. This data is particularly useful for economists and policymakers analyzing UAE's economic performance and growth.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula and growth rates of domestic absorption.
Historical Context
This metric is widely used by international organizations, governments, and researchers to evaluate economic progress and inform policy decisions.
Key Facts
- UAE's GDP per capita was $69,957 in 2021.
- The UAE has experienced steady economic growth over the past decade.
- PPP adjustments are critical for accurate cross-country living standard comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for the United Arab Emirates, which adjusts for differences in the cost of living across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the UAE's economic performance and living standards relative to other countries, which is crucial information for economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula and growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This metric is widely used by governments, international organizations, and researchers to assess economic progress and inform policy decisions related to economic development and living standards.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for United Arab Emirates (RGDPL2AEA625NUPN), retrieved from FRED.