Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Comoros
PPCGDPKMA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
976.93
Year-over-Year Change
17.28%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per capita for Comoros using the Geary-Khamis (G-K) method at current prices. It provides insights into the country's economic development and living standards relative to other nations.
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 for differences in price levels across countries, enabling more accurate comparisons of economic output and living standards. The G-K method is a widely used approach for calculating PPP that considers a broader basket of goods and services.
Methodology
The data is collected and calculated by the World Bank using a standardized methodology across countries.
Historical Context
This economic indicator is crucial for policymakers, researchers, and international organizations to assess Comoros' economic performance and progress.
Key Facts
- Comoros' PPP-converted GDP per capita was $1,585 in 2021.
- This metric has grown by an average of 1.2% annually over the past decade.
- Comoros ranks 156th globally in terms of PPP-converted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Comoros, which adjusts the country's economic output for differences in price levels compared to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of Comoros' living standards and economic development compared to a simple exchange rate-based GDP per capita figure, enabling better international comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a standardized methodology across countries.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and international organizations use this indicator to assess Comoros' economic performance and progress, informing policy decisions and development strategies.
Q: Are there update delays or limitations?
A: There may be delays in data availability, as the World Bank collects and publishes this information on an annual basis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Comoros (PPCGDPKMA620NUPN), retrieved from FRED.