Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Iran
PC2GDPIRA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,042.44
Year-over-Year Change
128.42%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Iran, providing insight into the nation's overall economic development 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 PPP-adjusted GDP per capita is a key metric used to compare economic output and living standards across countries, adjusting for differences in prices and purchasing power. This data point offers a more accurate representation of Iran's economic performance and development level than nominal GDP alone.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to evaluate economic growth, make cross-country comparisons, and inform policy decisions.
Key Facts
- Iran's PPP-adjusted GDP per capita was $13,848 in 2021.
- This indicator has grown by an average of 2.4% annually over the past decade.
- Iran ranks 79th globally in terms of PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Iran's Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita, which adjusts for differences in price levels and purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of Iran's economic output and standard of living relative to other countries, helping analysts and policymakers evaluate the country's economic development and performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international organizations to evaluate economic growth, make cross-country comparisons, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Iran (PC2GDPIRA620NUPN), retrieved from FRED.