Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Equatorial Guinea
PCDGDPGQA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,232.21
Year-over-Year Change
349.50%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted domestic absorption per capita in Equatorial Guinea, providing insight 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) conversion is used to estimate the relative purchasing power of different currencies, allowing for more accurate cross-country comparisons of economic indicators. This series tracks PPP-converted domestic absorption per capita, which reflects both consumption and investment.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'GEKS' method to convert national accounts data to a common currency and price level.
Historical Context
This metric is useful for policymakers and analysts to evaluate Equatorial Guinea's economic development and living standards relative to other countries.
Key Facts
- Equatorial Guinea is an oil-rich country in Central Africa.
- Its PPP-adjusted domestic absorption per capita was $11,846 in 2021.
- This metric has fluctuated significantly over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted domestic absorption per capita in Equatorial Guinea, providing insights into the country's economic activity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers and analysts to evaluate Equatorial Guinea's economic development and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis 'GEKS' 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 policymakers and analysts to assess Equatorial Guinea's economic progress and living standards, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information from Equatorial Guinea.
Related Trends
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Thailand
PCDGDPTHA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Botswana
PCDGDPBWA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Mongolia
PC2GDPMNA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Chile
PCDGDPCLA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Malta
PPCGDPMTA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Norway
PPCGDPNOA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Equatorial Guinea (PCDGDPGQA620NUPN), retrieved from FRED.