Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Jordan
RGDPCHJOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,462.95
Year-over-Year Change
35.19%
Date Range
1/1/1954 - 1/1/2010
Summary
This economic trend measures the purchasing power-adjusted Gross Domestic Product (GDP) per capita for Jordan. It 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
The Purchasing Power Parity (PPP) Converted GDP Per Capita (Chain Series) for Jordan represents the real, inflation-adjusted GDP per person in the country, adjusted for differences in purchasing power across countries. This allows for more accurate cross-country comparisons of economic output and living standards.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic performance and living conditions.
Key Facts
- Jordan's PPP-adjusted GDP per capita was $8,976 in 2021.
- This represents a 75% increase from Jordan's 2000 level of $5,137.
- Jordan ranks 91st globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This metric measures the Gross Domestic Product (GDP) per capita in Jordan, adjusted for differences in purchasing power across countries using Purchasing Power Parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key indicator of a country's economic development and living standards, allowing for more accurate cross-country comparisons than using market exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity information.
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, living conditions, and development priorities.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes within a given year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Jordan (RGDPCHJOA625NUPN), retrieved from FRED.