Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Algeria
PCDGDPDZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,748.88
Year-over-Year Change
107.80%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted domestic absorption per capita for Algeria, which reflects the average standard of living and consumption in 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
Purchasing power parity (PPP) conversion is used to adjust the domestic absorption per capita metric for Algeria, providing a more accurate comparison of real economic activity and living standards across countries.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to derive comparable, inflation-adjusted figures.
Historical Context
This trend is widely used by economists and policymakers to assess Algeria's economic development and make cross-country comparisons.
Key Facts
- Measures average standard of living in Algeria.
- Adjusts for price differences across countries.
- Used to compare economic activity globally.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted domestic absorption per capita for Algeria, which reflects the average standard of living and consumption in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of real economic activity and living standards in Algeria compared to other countries, which is critical for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to derive comparable, inflation-adjusted figures.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to assess Algeria's economic development and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data may have a lag in updates, and comparisons should account for differences in measurement methodologies across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Algeria (PCDGDPDZA620NUPN), retrieved from FRED.