Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Djibouti
PPCGDPDJA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,806.03
Year-over-Year Change
56.00%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Djibouti. It provides insights into the relative standard of living and economic productivity in 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
The PPP-converted GDP per capita metric adjusts the raw GDP figure to account for differences in purchasing power across countries, offering a more accurate comparison of living standards. The G-K method is a common approach for these PPP calculations.
Methodology
The data is collected and calculated by the World Bank using national accounts and population data.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze economic development and make cross-country comparisons.
Key Facts
- Djibouti's PPP-adjusted GDP per capita was $3,585 in 2021.
- Djibouti's PPP-adjusted GDP per capita is lower than the global average.
- PPP adjustments account for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Djibouti, which provides a more accurate comparison of living standards and economic productivity across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international institutions to analyze economic development and make cross-country comparisons, as it accounts for differences in the cost of living.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the relative standard of living and economic productivity in Djibouti, which informs decision-making and policy discussions.
Q: Are there update delays or limitations?
A: The data is typically updated annually, and there may be a lag of several months between the end of the reference period and the data release.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Comoros
PPCGDPKMA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Panama
PPCGDPPAA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Kazakhstan
PPCGDPKZA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Oman
PCDGDPOMA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Ghana
PPCGDPGHA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Bangladesh
PCDGDPBDA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Djibouti (PPCGDPDJA620NUPN), retrieved from FRED.