Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Peru
RGDPL2PEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,377.41
Year-over-Year Change
56.67%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Peru, derived from growth rates of domestic absorption. It provides insights into the overall economic productivity and standard of living in the country.
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) for Peru is an important measure used by economists and policymakers to assess the country's economic development and living standards relative to other nations. It adjusts the GDP per capita data to account for differences in purchasing power across countries.
Methodology
The data is calculated by the World Bank using the Laspeyres method to convert GDP per capita to a common currency and adjust for price level differences.
Historical Context
This metric is widely used to evaluate economic performance and make international comparisons of living standards.
Key Facts
- Peru's PPP-adjusted GDP per capita was $14,045 in 2021.
- This metric has grown by an average of 3.2% annually over the past decade.
- Adjusting for purchasing power provides a more accurate comparison of living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Peru. It provides a more accurate assessment of the country's overall economic productivity and living standards compared to using the nominal exchange rate.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate a country's economic development and make cross-country comparisons of living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to convert GDP per capita to a common currency and adjust for price level differences across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Peru's economic performance, make international comparisons, and inform decisions related to economic development, trade, and social welfare policies.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with a delay of around 1-2 years. The methodology used to calculate the PPP adjustment may also have some limitations in fully capturing all price differences across countries.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Germany
RGDPCHDEA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Zimbabwe
RGDPCHZWA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Ethiopia
RGDPCHETA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Tunisia
RGDPCHTNA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Cyprus
RGDPLPCYA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for United Kingdom
RGDPCHGBA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Peru (RGDPL2PEA625NUPN), retrieved from FRED.