Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Nicaragua
RGDPLPNIA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,289.29
Year-over-Year Change
18.62%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Nicaragua, derived from growth rates of consumption, government consumption, and investment. It provides insights into the country's economic productivity and standard of living.
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 (PPP) converted GDP per capita is a metric that adjusts GDP to reflect the relative purchasing power of a country's currency, allowing for more accurate international comparisons. This trend is used by economists and policymakers to evaluate Nicaragua's economic development and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using the Laspeyres method to derive the PPP-adjusted GDP per capita from growth rates of key economic components.
Historical Context
This metric is widely used to inform economic policies, investment decisions, and international development strategies.
Key Facts
- Nicaragua's GDP per capita (PPP) was $5,895 in 2021.
- The PPP-adjusted GDP per capita metric accounts for cost-of-living differences between countries.
- Tracking this trend helps assess Nicaragua's economic progress and living standards over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Nicaragua, which adjusts the country's GDP to reflect the relative purchasing power of its currency.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate Nicaragua's economic development and living standards relative to other countries, informing economic policies and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to derive the PPP-adjusted GDP per capita from growth rates of key economic components like consumption, government spending, and investment.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic policies, investment decisions, and international development strategies by providing insights into Nicaragua's economic productivity and standard of living.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and the PPP conversion methodology can have limitations in fully accounting for all cost-of-living differences between countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Nicaragua (RGDPLPNIA625NUPN), retrieved from FRED.