Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Jamaica
PCDGDPJMA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,496.81
Year-over-Year Change
39.64%
Date Range
1/1/1953 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Jamaica, providing insights into the country's standard of living and economic development.
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
Domestic absorption per capita is a key indicator of a country's economic well-being, reflecting the average amount of goods and services consumed or invested by each individual. The PPP conversion adjusts for differences in price levels across countries, enabling cross-country comparisons.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
This metric is widely used by economists and policymakers to evaluate a country's economic performance and living standards.
Key Facts
- Jamaica's PPP-converted domestic absorption per capita was $5,898 in 2020.
- This metric has grown by an average of 1.3% per year over the past decade.
- Jamaica ranks 108th globally in terms of PPP-converted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Jamaica, which reflects the average amount of goods and services consumed or invested by each individual in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate a country's economic performance and living standards, as it provides a more accurate comparison of economic well-being across countries than nominal measures.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Jamaica's economic development, make cross-country comparisons, and inform policy decisions aimed at improving living standards and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and population data, which may result in occasional delays in updates.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Jamaica (PCDGDPJMA620NUPN), retrieved from FRED.