Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Mauritania
PPCGDPMRA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,607.72
Year-over-Year Change
123.30%
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 Mauritania, using the Geary-Khamis (G-K) method and expressed in current 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
The PPP-converted GDP per capita metric adjusts the standard GDP per capita figure to account for differences in purchasing power across countries, providing a more accurate comparison of living standards. The G-K method is a sophisticated approach to calculating PPP that considers a basket of goods and services.
Methodology
The data is collected and calculated by the World Bank using a complex methodology involving price surveys and economic modeling.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic development and living standards across nations.
Key Facts
- Mauritania's PPP-adjusted GDP per capita was $4,850 in 2021.
- This metric has grown by an average of 2.5% annually over the past decade.
- Mauritania ranks 161st globally in PPP-adjusted GDP per capita.
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 Mauritania, using the Geary-Khamis (G-K) method and expressed in current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards across countries by adjusting for differences in purchasing power, making it a valuable tool for economists and policymakers assessing economic development and well-being.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a complex methodology involving price surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic development and living standards across nations, informing policy decisions and comparisons.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and the methodology used to calculate PPP can be subject to ongoing refinements and debates among economists.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Mauritania (PPCGDPMRA620NUPN), retrieved from FRED.