Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Ethiopia
RGDPCHETA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
680.43
Year-over-Year Change
70.75%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Ethiopia measures the country's economic output per person, adjusted for differences in purchasing power across countries.
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
This series provides a standardized metric for comparing Ethiopia's economic performance and living standards relative to other nations. It is a key indicator used by economists, policymakers, and international institutions to assess a country's development and potential.
Methodology
The data is calculated by the World Bank using market exchange rates and price level adjustments.
Historical Context
This metric informs decisions around foreign investment, development aid, and economic policy.
Key Facts
- Ethiopia's GDP per capita was $2,174 in 2021.
- Ethiopia's economy grew by 6.1% in 2021.
- Over 23% of Ethiopia's population lives below the poverty line.
FAQs
Q: What does this economic trend measure?
A: This metric measures Ethiopia's GDP per capita, adjusted for differences in purchasing power across countries. It provides a standardized basis for comparing economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for assessing Ethiopia's economic development, informing investment and policy decisions, and comparing the country's performance to regional and global peers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using market exchange rates and price level adjustments to account for differences in purchasing power across countries.
Q: How is this trend used in economic policy?
A: Policymakers, international institutions, and investors use this metric to evaluate Ethiopia's economic potential, guide development strategies, and make decisions around foreign aid and investment.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term economic fluctuations. It also relies on adjustments that can be subject to methodological debates.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Ethiopia (RGDPCHETA625NUPN), retrieved from FRED.