Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Paraguay
RGDPCHPYA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,069.84
Year-over-Year Change
16.91%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Paraguay. It provides insights into the country's overall economic output and living standards relative to other nations.
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 metric adjusts Paraguay's GDP to account for differences in purchasing power across countries, allowing for more accurate cross-country comparisons of economic activity and living standards. This trend is widely used by economists and policymakers to evaluate Paraguay's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using established PPP conversion factors.
Historical Context
This metric informs discussions around Paraguay's economic growth, productivity, and living standards in relation to regional and global benchmarks.
Key Facts
- Paraguay's 2021 PPP-adjusted GDP per capita was $13,701.
- This represents a 44% increase from the 2011 level of $9,503.
- Paraguay's PPP GDP per capita is about 30% of the United States level.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Paraguay's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power across countries using Purchasing Power Parity (PPP) conversion factors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of Paraguay's economic output and living standards relative to other nations, informing discussions around the country's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using established PPP conversion factors to adjust Paraguay's GDP per capita.
Q: How is this trend used in economic policy?
A: This metric informs discussions around Paraguay's economic growth, productivity, and living standards in relation to regional and global benchmarks, which is relevant for policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is subject to the availability of underlying GDP and PPP conversion factor information from the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Paraguay (RGDPCHPYA625NUPN), retrieved from FRED.