Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Vanuatu
PPCGDPVUA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,649.34
Year-over-Year Change
59.09%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP)-adjusted GDP per capita for Vanuatu, which is a key indicator of a country's economic development and living standards.
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) adjusts GDP to account for differences in price levels between countries, providing a more accurate comparison of living standards. The PPP-converted GDP per capita metric is widely used by economists and policymakers to evaluate economic performance and make cross-country comparisons.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method.
Historical Context
This metric informs economic analysis, development policies, and global comparisons.
Key Facts
- Vanuatu's PPP-adjusted GDP per capita was $3,206 in 2021.
- This metric has grown by 36% over the past decade in Vanuatu.
- Vanuatu is a lower-middle-income country according to World Bank classifications.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP)-adjusted GDP per capita for Vanuatu, which provides a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric is a key indicator of a country's economic development and is widely used by economists and policymakers to evaluate performance and make cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method, which adjusts GDP to account for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This metric informs economic analysis, development policies, and global comparisons, providing valuable insights for policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and limitations of World Bank economic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Vanuatu (PPCGDPVUA620NUPN), retrieved from FRED.