Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Samoa
RGDPCHWSA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,439.17
Year-over-Year Change
30.63%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Samoa measures the total economic output of Samoa adjusted for differences in purchasing power between countries. This metric is critical for comparing living standards and productivity 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 series tracks Samoa's gross domestic product (GDP) per capita, which represents the total economic output divided by the population. The data is adjusted for purchasing power parity (PPP) to account for cost-of-living differences, allowing more accurate cross-country comparisons.
Methodology
The data is collected and calculated by the World Bank using established PPP conversion factors.
Historical Context
Policymakers and economists use this metric to assess Samoa's economic performance and living standards relative to other countries.
Key Facts
- Samoa's GDP per capita was $6,434 in 2021.
- GDP per capita in Samoa has grown by over 150% since 1990.
- Samoa's GDP per capita is around 15% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This metric measures Samoa's gross domestic product (GDP) per capita, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This data is critical for comparing living standards and economic productivity across nations, as the purchasing power parity adjustment allows for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Samoa's economic performance and living standards relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a slight delay for the most recent year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Samoa (RGDPCHWSA625NUPN), retrieved from FRED.