Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Laos
PCDGDPLAA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,549.14
Year-over-Year Change
178.40%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) adjusted per capita domestic absorption for Laos, which reflects the average standard of living and economic activity 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
Domestic absorption is the total domestic demand for goods and services, including consumption, investment, and government spending. This PPP-adjusted metric allows for cross-country comparisons of real economic activity and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert local currency values to a common international dollar basis.
Historical Context
This trend is widely used by economists and policymakers to analyze Laos' economic development and compare its living standards to other countries.
Key Facts
- Laos' per capita domestic absorption was $3,577 in 2020.
- This metric has grown by an average of 5.4% per year since 2010.
- Laos ranks 123rd globally in terms of PPP-adjusted per capita domestic absorption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted per capita domestic absorption for Laos, which reflects the average standard of living and economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted metric allows for cross-country comparisons of real economic activity and living standards, making it a valuable tool for economists and policymakers analyzing Laos' economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert local currency values to a common international dollar basis.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to analyze Laos' economic development and compare its living standards to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Laos (PCDGDPLAA620NUPN), retrieved from FRED.