Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Macao
PCDGDPMOA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,206.08
Year-over-Year Change
81.60%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power of Macao's residents, adjusting for differences in domestic price levels. It provides insights into the standard of living and economic well-being of the local population.
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) Converted Domestic Absorption Per Capita is an indicator of a country's economic development and standard of living. It adjusts for differences in domestic price levels to enable cross-country comparisons of real household consumption and investment.
Methodology
The data is calculated using the Geary-Khamis (GEKS-CPDW) method to convert national accounts data to a common price level.
Historical Context
This metric is widely used by economists and policymakers to evaluate economic performance and living standards across countries.
Key Facts
- Macao's PPP-adjusted per capita domestic absorption was $38,295 in 2020.
- This metric has grown by an average of 5.9% annually over the past decade.
- Macao ranks among the top 20 countries globally by this measure of economic well-being.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power of Macao's residents, adjusting for differences in domestic price levels. It provides insights into the standard of living and economic well-being of the local population.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate economic performance and living standards across countries, enabling more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (GEKS-CPDW) method to convert national accounts data to a common price level.
Q: How is this trend used in economic policy?
A: This metric is used by institutions and analysts to assess a country's economic development and the relative standard of living of its population, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Macao (PCDGDPMOA620NUPN), retrieved from FRED.