Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Seychelles
RGDPLPSCA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,300.08
Year-over-Year Change
19.35%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Seychelles, derived from growth rates of consumption, government consumption, and investment. It provides insight into the standard of living and economic productivity of 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 PPP-converted GDP per capita trend adjusts the raw GDP data to account for differences in purchasing power across countries, enabling more accurate comparisons of living standards. It is a widely used metric for evaluating economic development and growth.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula applied to national accounts components.
Historical Context
This metric is valuable for policymakers, economists, and investors analyzing the Seychelles economy and its position relative to other countries.
Key Facts
- Seychelles has a PPP-converted GDP per capita of $31,700 as of the latest data.
- The country's PPP GDP has grown by an average of 4% annually over the past decade.
- Seychelles has one of the highest standards of living in Africa based on this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Seychelles, adjusting the raw GDP data to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a widely used metric for evaluating economic development and living standards, providing more accurate comparisons between countries than raw GDP data.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula applied to national accounts components.
Q: How is this trend used in economic policy?
A: This metric is valuable for policymakers, economists, and investors analyzing the Seychelles economy and its position relative to other countries.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the PPP conversion process can introduce some limitations in cross-country comparisons.
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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 Seychelles (RGDPLPSCA625NUPN), retrieved from FRED.