Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Timor-Leste
PC2GDPTLA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,370.73
Year-over-Year Change
19.98%
Date Range
1/1/2000 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Timor-Leste. It provides insights into the country's overall economic productivity and living standards relative 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 Purchasing Power Parity Converted GDP Per Capita metric adjusts GDP to account for differences in price levels across countries, allowing for more accurate comparisons of economic output and living standards globally. This data is widely used by economists, policymakers, and international organizations to evaluate economic development and well-being.
Methodology
The data is collected and calculated by the World Bank using established PPP conversion factors.
Historical Context
This indicator is crucial for assessing Timor-Leste's economic performance and formulating appropriate policies to foster sustainable growth and improve living conditions.
Key Facts
- Timor-Leste's GDP per capita was $2,228 in 2021.
- Timor-Leste's GDP per capita has grown by over 50% since 2010.
- Timor-Leste is classified as a lower-middle-income country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Timor-Leste, which adjusts the country's GDP to account for differences in price levels compared to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of Timor-Leste's economic productivity and living standards relative to other countries, enabling better comparisons and analysis of economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This indicator is crucial for evaluating Timor-Leste's economic performance and formulating appropriate policies to foster sustainable growth and improve living conditions.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the metric may not fully capture all aspects of economic well-being in Timor-Leste.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Timor-Leste (PC2GDPTLA620NUPN), retrieved from FRED.