Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Yemen
PPCGDPYEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,722.52
Year-over-Year Change
57.83%
Date Range
1/1/1989 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Yemen, using the Geary-Khamis (G-K) method and expressed in current international dollars.
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 is a key indicator of a country's economic development and living standards. It adjusts the GDP per capita to account for differences in price levels between countries, providing a more accurate comparison of material well-being across nations.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP figures to a common international currency.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic performance and make cross-country comparisons.
Key Facts
- Yemen's PPP-converted GDP per capita was $2,590 in 2021.
- This represents a 44% decline from the 2014 peak of $4,620.
- Yemen ranks 172nd out of 190 countries in the World Bank's PPP-adjusted GDP per capita rankings.
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 Yemen, using the Geary-Khamis (G-K) method and expressed in current international dollars.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key indicator of a country's economic development and living standards, allowing for more accurate cross-country comparisons by adjusting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP figures to a common international currency.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic performance and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the World Bank's publication schedule and may have delays or limitations in coverage for some countries.
Related Trends
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Panama
PCDGDPPAA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Germany
PCDGDPDEA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Dominica
PC2GDPDMA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Chad
PC2GDPTDA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for the Gambia
PPCGDPGMA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Kyrgyzstan
PC2GDPKGA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Yemen (PPCGDPYEA620NUPN), retrieved from FRED.