Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Nicaragua
PCDGDPNIA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,430.76
Year-over-Year Change
52.98%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted domestic absorption per capita in Nicaragua. It provides insights into the country's overall 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
The Purchasing Power Parity Converted Domestic Absorption Per Capita metric represents the average level of goods and services consumed by Nicaraguan residents, adjusted for differences in purchasing power. It is a key indicator used to analyze economic development and living standards across countries.
Methodology
The data is calculated using the Geary-Khamis method to account for price level differences.
Historical Context
Policymakers and analysts use this trend to evaluate Nicaragua's economic performance and living standards relative to other countries.
Key Facts
- Nicaragua's Purchasing Power Parity Converted Domestic Absorption Per Capita was $2,291 in 2020.
- This metric has grown by an average of 1.8% per year over the past decade.
- Nicaragua's PPP-adjusted domestic absorption per capita is lower than the Latin American and Caribbean regional average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted domestic absorption per capita in Nicaragua, which represents the average level of goods and services consumed by residents.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Nicaragua's overall economic activity and living standards, allowing for comparisons with other countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis method to account for price level differences across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Nicaragua's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of source information from international organizations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Nicaragua (PCDGDPNIA620NUPN), retrieved from FRED.