Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Eritrea
RGDPCHERA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
588.00
Year-over-Year Change
-35.72%
Date Range
1/1/1992 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Eritrea. It provides insights into the standard of living and economic development of the country.
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 Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Eritrea is a key indicator used by economists and policymakers to compare the relative economic output and prosperity of Eritrea with other countries, adjusting for differences in price levels.
Methodology
The data is calculated by the World Bank using GDP figures and PPP conversion factors.
Historical Context
This trend is widely used to analyze Eritrea's economic performance and living standards in a global context.
Key Facts
- Eritrea's GDP per capita was $1,700 in 2021.
- Eritrea's GDP per capita has grown by 25% since 2010.
- Eritrea ranks 179th globally in 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 Eritrea, which reflects the country's average economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Eritrea's economic development and comparing its living standards to other countries, which is crucial for policymakers and economists analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP figures and PPP conversion factors to adjust for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, international organizations, and policymakers to assess Eritrea's economic progress, inform policy decisions, and compare its living standards to other nations.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with some potential delays in data availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Eritrea (RGDPCHERA625NUPN), retrieved from FRED.