Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Democratic Republic of the Congo
PCDGDPCDA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
320.26
Year-over-Year Change
54.47%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted domestic absorption per capita in the Democratic Republic of the Congo. It provides insights into the country's economic activity and living standards.
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
Purchasing Power Parity (PPP) Converted Domestic Absorption Per Capita is a metric that adjusts a country's domestic consumption, investment, and government spending for differences in price levels. It offers a more accurate comparison of living standards across countries than using market exchange rates.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GK) method to convert national accounts data to a common currency and price level.
Historical Context
This trend is used by economists and policymakers to assess the Democratic Republic of the Congo's economic development and compare its living standards to other nations.
Key Facts
- The Democratic Republic of the Congo is one of the poorest countries in the world.
- Purchasing power parity is an important concept in international economics.
- Domestic absorption includes consumption, investment, and government spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power-adjusted domestic absorption per capita in the Democratic Republic of the Congo. It reflects the country's overall economic activity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of living standards in the Democratic Republic of the Congo compared to using market exchange rates. It is useful for economists and policymakers analyzing the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GK) method to convert national accounts data to a common currency and price level.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the Democratic Republic of the Congo's economic activity and living standards, and to compare them to other countries.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in the underlying national accounts data for the Democratic Republic of the Congo.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Democratic Republic of the Congo (PCDGDPCDA620NUPN), retrieved from FRED.