Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Palau
PCDGDPPWA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,994.05
Year-over-Year Change
3.99%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted domestic absorption per capita in Palau, providing insights into the country's standard of living and economic activity.
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) conversion is used to adjust for differences in price levels between countries, allowing for more accurate comparisons of real economic activity. This metric combines consumption, investment, and government spending to represent the overall economic resources available to the Palauan population.
Methodology
The data is calculated using the GEKS-CPDW method, a multilateral PPP approach, based on price and expenditure information collected by international organizations.
Historical Context
This trend is valuable for policymakers and analysts studying Palau's economic development and living standards relative to other nations.
Key Facts
- Palau's per capita domestic absorption in 2020 was $13,798.
- This metric has grown by an average of 1.2% annually over the past decade.
- Palau's domestic absorption per capita is around 31% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted domestic absorption per capita in Palau, which represents the overall economic resources available to the Palauan population.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for policymakers and analysts studying Palau's economic development and living standards relative to other nations, as the PPP adjustment allows for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, a multilateral PPP approach, based on price and expenditure information collected by international organizations.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess Palau's economic performance, living standards, and development progress compared to other countries.
Q: Are there update delays or limitations?
A: The data is subject to availability and publication schedules of the international organizations responsible for collecting and disseminating the underlying price and expenditure information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Palau (PCDGDPPWA620NUPN), retrieved from FRED.