Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Saudi Arabia
PC2GDPSAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,614.48
Year-over-Year Change
184.31%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Saudi Arabia, providing a standardized metric to compare economic output and living standards across countries.
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 metric accounts for differences in price levels between countries, allowing more accurate comparisons of real economic activity and living standards. It is a key indicator used by economists, policymakers, and international institutions to assess a country's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to determine purchasing power parity conversion factors.
Historical Context
This trend is widely referenced in global economic analyses and policy discussions.
Key Facts
- Saudi Arabia's PPP-adjusted GDP per capita was $49,299 in 2021.
- The PPP conversion factor for Saudi Arabia was 1.3 in 2021.
- Saudi Arabia ranks 15th globally by PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Saudi Arabia, providing a standardized metric to compare real economic output and living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key indicator used by economists, policymakers, and international institutions to assess a country's economic development and competitiveness in a global context.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to determine purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in global economic analyses and policy discussions to understand a country's economic performance and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Saudi Arabia (PC2GDPSAA620NUPN), retrieved from FRED.