Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Sudan
PC2GDPSDA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,693.03
Year-over-Year Change
142.67%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per capita for Sudan. It provides insights into the country's relative 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 domestic price levels, allowing more accurate cross-country comparisons of material living standards. It is a widely used statistic in development economics and policy analysis.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'International Dollar' method to convert local currency GDP figures.
Historical Context
Policymakers and analysts use this trend to evaluate Sudan's economic progress and assess its position relative to regional or global peers.
Key Facts
- Sudan's 2021 PPP-adjusted GDP per capita was $3,577.
- This places Sudan's living standards below the global average.
- The indicator has been tracked since 1990.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Sudan's GDP per capita adjusted for differences in domestic price levels using purchasing power parity (PPP) conversion.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita provides a more accurate representation of Sudan's relative economic development and living standards compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis 'International Dollar' method to convert local currency GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Sudan's economic progress and assess its position relative to regional or global peers.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not fully capture recent economic changes in Sudan.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Sudan (PC2GDPSDA620NUPN), retrieved from FRED.