Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Nepal
PCDGDPNPA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,757.19
Year-over-Year Change
124.92%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted value of domestic absorption per capita in Nepal, 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
The Purchasing Power Parity Converted Domestic Absorption Per Capita metric adjusts Nepal's domestic absorption, which includes consumption, investment, and government spending, to account for differences in price levels across countries. This allows for more accurate cross-country comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis method to convert local currency values to a common unit.
Historical Context
This trend is used by economists, policymakers, and international organizations to evaluate Nepal's economic performance and living standards relative to other countries.
Key Facts
- Nepal's Purchasing Power Parity Converted Domestic Absorption Per Capita was $2,992 in 2021.
- This metric has grown by an average of 3.5% annually over the past decade in Nepal.
- Adjusting for price differences is crucial for accurately comparing economic activity across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted value of domestic absorption per capita in Nepal, which includes consumption, investment, and government spending.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of Nepal's economic activity and living standards compared to other countries, allowing for better cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis method to convert local currency values to a common unit.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this trend to evaluate Nepal's economic performance and living standards relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the methodology may not fully capture all price differences across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Nepal (PCDGDPNPA620NUPN), retrieved from FRED.