Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Namibia
PC2GDPNAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,027.51
Year-over-Year Change
102.78%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Namibia. It provides insights 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 Purchasing Power Parity Converted GDP Per Capita trend adjusts GDP per capita data to account for differences in the cost of living across countries, allowing for more accurate international comparisons of economic well-being. It is a key metric used by economists and policymakers to evaluate a country's economic development and living standards.
Methodology
The data is calculated based on GDP figures and purchasing power parity conversion factors.
Historical Context
This metric is widely used to assess a country's economic performance and make international comparisons.
Key Facts
- Namibia's GDP per capita in 2020 was $10,194.
- Namibia's GDP per capita has grown by 36% over the past decade.
- Namibia's GDP per capita is above the average for Sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Namibia, which adjusts for differences in the cost of living across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating a country's economic development and living standards, as it provides a more accurate comparison of economic well-being across nations.
Q: How is this data collected or calculated?
A: The data is calculated based on GDP figures and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to assess a country's economic performance and make international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the underlying GDP and purchasing power parity figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Namibia (PC2GDPNAA620NUPN), retrieved from FRED.