Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Egypt
PPCGDPEGA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,265.55
Year-over-Year Change
81.10%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted Gross Domestic Product (GDP) per capita of Egypt, using the Geary-Khamis (G-K) method and current international prices.
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
Purchasing power parity (PPP) GDP per capita is a metric that accounts for differences in the cost of living across countries, providing a more accurate comparison of living standards and economic productivity.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert national accounts data into a common currency.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze and compare the economic development of different countries.
Key Facts
- Egypt's PPP-adjusted GDP per capita was $13,250 in 2021.
- This metric has grown by over 50% since the early 2000s.
- Egypt's PPP GDP per capita is about one-third the level of the United States.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted Gross Domestic Product (GDP) per capita of Egypt, using the Geary-Khamis method to convert national accounts data into a common currency.
Q: Why is this trend relevant for users or analysts?
A: Purchasing power parity GDP per capita provides a more accurate comparison of living standards and economic productivity across countries, accounting for differences in the cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert national accounts data into a common currency.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to analyze and compare the economic development of different countries.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of around 1-2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Egypt (PPCGDPEGA620NUPN), retrieved from FRED.