Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Mali
RGDPCHMLA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
997.97
Year-over-Year Change
30.46%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Mali measures the total economic output of Mali's population, 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 metric provides a more accurate comparison of living standards and economic development across nations by accounting for price level differences. It is a key indicator used by economists and policymakers to evaluate a country's economic performance and living conditions.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity information.
Historical Context
This metric informs analyses of global economic trends and cross-country comparisons.
Key Facts
- Mali's GDP per capita in 2021 was $2,336.
- Mali's GDP per capita has grown 58% since 2000.
- Mali's GDP per capita is 24% of the global average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Mali's population, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a more accurate assessment of living standards and economic development in Mali compared to other nations, informing cross-country comparisons and analyses of global economic trends.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity information.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate a country's economic performance and living conditions, informing analyses and decisions related to international development and economic policy.
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 Mali (RGDPCHMLA625NUPN), retrieved from FRED.