Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Democratic Republic of the Congo
PPCGDPCDA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
282.34
Year-over-Year Change
46.44%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for the Democratic Republic of the Congo. It provides a standardized metric for comparing living standards across 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
The PPP-converted GDP per capita metric adjusts the raw GDP per capita figure to account for differences in purchasing power between countries. This allows for more accurate international comparisons of economic output and living standards.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral system for international price and volume comparisons.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to assess economic development and living standards globally.
Key Facts
- The Democratic Republic of the Congo has the 5th lowest GDP per capita on a PPP-adjusted basis globally.
- PPP-adjusted GDP per capita in the DRC has remained stagnant over the past decade.
- The DRC's PPP-adjusted GDP per capita is less than 3% of the global leader, Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for the Democratic Republic of the Congo. It provides a standardized metric for comparing living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric is widely used by economists, policymakers, and international institutions to assess economic development and living standards globally.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral system for international price and volume comparisons.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international institutions to compare living standards and economic development across countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have update delays compared to raw GDP figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Democratic Republic of the Congo (PPCGDPCDA620NUPN), retrieved from FRED.