Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Dominican Republic
PC2GDPDOA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,905.74
Year-over-Year Change
96.31%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per capita for the Dominican Republic. It provides insights into the country's economic development and living standards compared to other nations.
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 metric adjusts for differences in price levels across countries, allowing for more accurate comparisons of living standards and economic output. This data series uses the GEKS-CPDW method, which is a preferred approach for international GDP per capita comparisons.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
Policymakers and analysts use this metric to evaluate the Dominican Republic's economic performance and living conditions relative to its global peers.
Key Facts
- The Dominican Republic's PPP-adjusted GDP per capita was $20,462 in 2021.
- This represents a 75% increase from the 2000 level of $11,672.
- The country ranks 89th globally by this metric, as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted GDP per capita for the Dominican Republic. It provides insights into the country's economic development and living standards compared to other nations.
Q: Why is this trend relevant for users or analysts?
A: Policymakers and analysts use this metric to evaluate the Dominican Republic's economic performance and living conditions relative to its global peers, allowing for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the Dominican Republic's economic development and living standards compared to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-2 year lag. Limitations include the challenges of accurately measuring price levels across diverse economies.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Benin
PC2GDPBJA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for the Gambia
PPCGDPGMA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Jordan
PC2GDPJOA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Brunei
PPCGDPBNA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Marshall Islands
PPCGDPMHA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Pakistan
PCDGDPPKA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Dominican Republic (PC2GDPDOA620NUPN), retrieved from FRED.