Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Macedonia
PCDGDPMKA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,324.27
Year-over-Year Change
86.60%
Date Range
1/1/1990 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Macedonia, providing insight into the country's economic well-being and standard of living.
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 represents a country's total consumption and investment, adjusting for trade flows. This PPP-converted metric allows for meaningful cross-country comparisons of economic activity and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert to PPP terms.
Historical Context
Policymakers and analysts use this data to assess Macedonia's economic development and make informed decisions.
Key Facts
- Macedonia's domestic absorption per capita was $12,957 in 2021.
- This metric has grown by 4.2% annually over the past decade.
- Macedonia's domestic absorption per capita is 44% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Macedonia, which represents the country's total consumption and investment.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for meaningful cross-country comparisons of economic activity and living standards, providing insights into Macedonia's economic development and well-being.
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 to PPP terms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Macedonia's economic development and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent economic conditions in Macedonia.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Macedonia (PCDGDPMKA620NUPN), retrieved from FRED.