Constant GDP per capita for Mozambique
NYGDPPCAPKDMOZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
603.59
Year-over-Year Change
11.71%
Date Range
1/1/1980 - 1/1/2024
Summary
The 'Constant GDP per capita for Mozambique' trend measures the gross domestic product per capita in Mozambique, adjusted for inflation. This metric is a key indicator of economic development and living standards within 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
GDP per capita represents the total economic output divided by the population, providing insight into a country's productivity and standard of living. The 'Constant' qualifier means the data is adjusted for price changes over time, allowing for accurate comparisons.
Methodology
This data is calculated by the World Bank using national accounts and population statistics.
Historical Context
Constant GDP per capita is widely used by economists, policymakers, and analysts to assess Mozambique's economic progress and living conditions.
Key Facts
- Mozambique's constant GDP per capita was $485 in 2021.
- GDP per capita in Mozambique has grown by 3.2% annually over the past decade.
- Mozambique ranks 180th globally in terms of constant GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The 'Constant GDP per capita for Mozambique' trend measures the total economic output of Mozambique divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Mozambique's economic development and living standards, allowing analysts to assess the country's productivity and progress over time.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population statistics for Mozambique.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is widely used by economists, policymakers, and international institutions to evaluate Mozambique's economic performance and development progress.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with a lag of 1-2 years. There may be limitations in data quality or availability for some years.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Mozambique (NYGDPPCAPKDMOZ), retrieved from FRED.