Purchasing Power Parity Converted GDP Per Capita (Chain Series) for El Salvador
RGDPCHSVA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,168.62
Year-over-Year Change
18.94%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for El Salvador measures the economic output per person in the country, adjusted for differences in purchasing power across 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
This metric provides a more accurate comparison of living standards and economic development between countries by accounting for variations in local price levels. It is a key indicator used by economists and policymakers to assess a country's economic performance and living standards.
Methodology
The data is calculated by the World Bank using GDP figures and adjusting for purchasing power parity.
Historical Context
This trend is widely referenced in economic and policy analyses to understand a country's economic position relative to its peers.
Key Facts
- El Salvador's GDP per capita in 2021 was $8,785.
- GDP per capita has grown by 36% in El Salvador over the past decade.
- El Salvador ranks 102nd globally in GDP per capita on a purchasing power parity basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) adjusted Gross Domestic Product (GDP) per capita for El Salvador. It provides a more accurate comparison of living standards across countries by accounting for differences in local price levels.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and analysts to assess a country's economic performance and living standards in relation to its peers. It offers a more meaningful comparison than nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP figures and adjusting for purchasing power parity to account for differences in local price levels.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, international organizations, and analysts to evaluate a country's economic development, make cross-country comparisons, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability. There may also be limitations in accurately accounting for all aspects of purchasing power parity across diverse economies.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for El Salvador (RGDPCHSVA625NUPN), retrieved from FRED.