Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Sudan
PCDGDPSDA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,718.74
Year-over-Year Change
116.24%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted domestic absorption per capita for Sudan, providing 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
Domestic absorption represents the total amount of goods and services consumed within a country, including private consumption, government spending, and investment. This metric adjusts for price differences across countries, allowing for more accurate international comparisons of living standards.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to convert local currency values to a common international dollar basis.
Historical Context
This indicator is widely used by economists and policymakers to analyze a country's economic development and living conditions relative to other nations.
Key Facts
- Sudan's purchasing power parity converted domestic absorption per capita was $1,876 in 2020.
- This metric has increased by 37% over the past decade in Sudan.
- Sudan ranks 162nd globally in terms of purchasing power parity converted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted domestic absorption per capita for Sudan, which represents the total amount of goods and services consumed within the country, adjusted for price differences.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Sudan's overall economic activity and living standards, allowing for more accurate international comparisons and analysis of the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method to convert local currency values to a common international dollar basis.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists and policymakers to analyze a country's economic development and living conditions relative to other nations, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to potential lags in availability, as it relies on the World Bank's reporting schedule and may not reflect the most recent economic conditions in Sudan.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Sudan (PCDGDPSDA620NUPN), retrieved from FRED.