Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Botswana
PC2GDPBWA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,337.77
Year-over-Year Change
65.59%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Botswana, adjusting for differences in price levels across countries. It provides a more accurate comparison of living standards and economic productivity than market exchange rates.
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 series accounts for relative price differences between countries, enabling a meaningful cross-country comparison of economic output and living standards. It is a widely used metric for evaluating development and assessing global inequality.
Methodology
The data is calculated based on national accounts and price surveys following the Geary-Khamis method.
Historical Context
This metric informs policymakers, investors, and development economists about Botswana's economic performance and progress.
Key Facts
- Botswana's PPP-converted GDP per capita was $18,785 in 2021.
- This represents a 288% increase from Botswana's 1990 PPP-converted GDP per capita of $4,840.
- Botswana has the second-highest PPP-converted GDP per capita in Africa after Mauritius.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Botswana, adjusting for differences in price levels across countries to provide a more accurate comparison of living standards and economic productivity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, investors, and development economists to evaluate Botswana's economic performance and progress relative to other countries, accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and price surveys following the Geary-Khamis method.
Q: How is this trend used in economic policy?
A: This metric informs policymakers, investors, and development economists about Botswana's economic development and living standards compared to other countries, which is relevant for policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a delay in reporting compared to the current economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Botswana (PC2GDPBWA620NUPN), retrieved from FRED.