Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Angola
PPCGDPAOA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,898.10
Year-over-Year Change
212.09%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Angola tracks the total economic output of Angola divided by its population, adjusted for differences in purchasing power between countries.
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
This indicator provides a standardized measure of economic activity and living standards across countries by accounting for price level differences. It is a widely used metric for international comparisons of economic development and well-being.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert national GDP figures into a common currency unit.
Historical Context
Policymakers and economists use this metric to assess Angola's economic performance relative to other nations and track changes in its citizens' living standards over time.
Key Facts
- Angola's 2021 GDP per capita was $6,555.
- Angola's GDP per capita has grown 31% since 2015.
- Angola ranks 130th globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Angola divided by its population, adjusted for differences in purchasing power between Angola and other countries.
Q: Why is this trend relevant for users or analysts?
A: This standardized measure of economic activity and living standards is widely used to compare Angola's development and well-being to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method to convert Angola's GDP into a common currency unit.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Angola's economic performance relative to peers and track changes in its citizens' living standards over time.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lag in reporting compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Angola (PPCGDPAOA620NUPN), retrieved from FRED.