Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Yemen
PC2GDPYEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,763.72
Year-over-Year Change
51.83%
Date Range
1/1/1989 - 1/1/2010
Summary
This economic indicator measures the average Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Yemen at current prices. It provides insight into the overall economic development and living standards within 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 (PPP) Converted GDP Per Capita metric adjusts national GDP to account for differences in price levels across countries, allowing for more accurate cross-country comparisons of economic output and living standards. This data point is widely used by economists, policymakers, and international institutions to analyze Yemen's economic performance and growth trends.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method, which compares national price levels to a global average.
Historical Context
This indicator is crucial for evaluating Yemen's economic development and competitiveness in relation to other countries.
Key Facts
- Yemen's 2021 PPP-adjusted GDP per capita was $2,359.
- Yemen ranks 172nd globally in PPP GDP per capita.
- Yemen's PPP GDP per capita is about 7% of the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Yemen at current prices, which provides insight into the country's overall economic development and living standards.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP per capita metric is crucial for evaluating Yemen's economic performance and competitiveness in relation to other countries, as it accounts for differences in price levels to enable more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method, which compares national price levels to a global average.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international institutions to analyze Yemen's economic development, living standards, and competitiveness compared to other countries.
Q: Are there update delays or limitations?
A: There may be update delays or data limitations due to Yemen's ongoing economic and political challenges, which can affect the availability and reliability of economic statistics.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Yemen (PC2GDPYEA620NUPN), retrieved from FRED.