Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sudan
RGDPCHSDA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,288.22
Year-over-Year Change
80.77%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sudan measures the total economic output per person in Sudan, 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 economic indicator provides a standardized measure of the standard of living in Sudan compared to other nations, allowing for more accurate cross-country comparisons of GDP and development. It is a widely used metric for international economic analysis and policymaking.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to convert GDP from local currency to international dollars.
Historical Context
This metric is closely monitored by economists, development organizations, and policymakers to assess Sudan's economic progress and relative position within the global economy.
Key Facts
- Sudan's GDP per capita was $1,206 in 2021.
- Sudan's GDP per capita is about 3.5% of the U.S. level.
- Sudan's GDP per capita has grown by 13% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output per person in Sudan, 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: This standardized measure of standard of living in Sudan allows for more accurate cross-country comparisons of GDP and economic development, making it a widely used indicator for international economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to convert GDP from local currency to international dollars.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, development organizations, and policymakers to assess Sudan's economic progress and relative position within the global economy.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sudan (RGDPCHSDA625NUPN), retrieved from FRED.