Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Republic of Congo
PPCGDPCGA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,628.45
Year-over-Year Change
180.21%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for the Republic of Congo, using the Geary-Khamis (G-K) method at current prices. It provides a standardized measure of economic output and 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 traditional GDP to account for differences in price levels between countries, enabling more accurate cross-country comparisons of economic activity and living standards. The G-K method is a widely used approach for calculating PPP conversion factors.
Methodology
The data is collected and calculated by the World Bank using household surveys and national accounts information.
Historical Context
This metric is used by economists, policymakers, and international organizations to assess economic development and living standards across nations.
Key Facts
- The Republic of Congo's PPP-adjusted GDP per capita was $1,723 in 2021.
- Congo's PPP-converted GDP per capita is about 7% of the United States' level.
- This metric allows for more accurate cross-country comparisons of economic output and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for the Republic of Congo, using the Geary-Khamis (G-K) method at current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized measure of economic output and living standards across countries, enabling more accurate cross-country comparisons by adjusting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household surveys and national accounts information.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to assess economic development and living standards across nations.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be lags in data availability from some countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Republic of Congo (PPCGDPCGA620NUPN), retrieved from FRED.