Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Saudi Arabia
RGDPCHSAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,189.30
Year-over-Year Change
15.43%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the purchasing power-adjusted GDP per capita for Saudi Arabia, providing insights into the country's economic productivity and standard of living.
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
Purchasing power parity (PPP) conversion adjusts GDP per capita data to account for differences in the cost of living across countries, allowing for more accurate cross-country comparisons of economic output and prosperity.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess Saudi Arabia's economic development and compare its living standards to other nations.
Key Facts
- Saudi Arabia's GDP per capita (PPP) was $55,258 in 2021.
- Saudi Arabia's GDP per capita (PPP) has grown by over 50% since 2000.
- Saudi Arabia ranks 25th globally in GDP per capita (PPP) as of 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power-adjusted GDP per capita for Saudi Arabia, providing insights into the country's economic productivity and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess Saudi Arabia's economic development and compare its living standards to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, international organizations, and analysts to evaluate Saudi Arabia's economic performance, inform policy decisions, and compare its living standards to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical 1-2 year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Saudi Arabia (RGDPCHSAA625NUPN), retrieved from FRED.