Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Singapore
PCDGDPSGA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,614.26
Year-over-Year Change
101.24%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Singapore, which reflects the average standard of living and consumption within the country.
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 per capita is a key indicator of economic well-being, as it captures total expenditure on goods and services by households, businesses, and the government. The PPP adjustment provides a more accurate comparison of living standards across countries.
Methodology
The data is calculated by the Federal Reserve using GDP and population statistics from official government sources.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic development and compare living standards globally.
Key Facts
- Singapore has one of the highest domestic absorption per capita rates in the world.
- PPP adjustments help account for cost-of-living differences across countries.
- This metric is a broader measure of economic well-being than GDP per capita alone.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Singapore, which reflects the average standard of living and consumption within the country.
Q: Why is this trend relevant for users or analysts?
A: Domestic absorption per capita is a key indicator of economic well-being, as it captures total expenditure on goods and services by households, businesses, and the government. The PPP adjustment provides a more accurate comparison of living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using GDP and population statistics from official government sources.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic development and compare living standards globally.
Q: Are there update delays or limitations?
A: There may be some delays in data availability and updates due to the time required to collect and process the underlying GDP and population statistics.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Singapore (PCDGDPSGA620NUPN), retrieved from FRED.