Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Zimbabwe
RGDPCHZWA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
319.04
Year-over-Year Change
-20.04%
Date Range
1/1/1954 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Zimbabwe is a crucial economic indicator that measures the country's economic output per person, 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 metric provides a standardized way to compare the standard of living and economic productivity across nations, as it accounts for variations in the cost of living. It is widely used by economists, policymakers, and international organizations to assess Zimbabwe's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using GDP figures and purchasing power parity (PPP) exchange rates.
Historical Context
This trend is relevant for evaluating Zimbabwe's economic performance and informing policies aimed at promoting sustainable growth and improving living standards.
Key Facts
- Zimbabwe's GDP per capita (PPP) was $2,143 in 2021.
- The trend has declined by over 20% since 2000.
- Zimbabwe ranks 165th globally in GDP per capita (PPP).
FAQs
Q: What does this economic trend measure?
A: This trend measures Zimbabwe's GDP per capita adjusted for differences in purchasing power across countries, providing a more accurate comparison of living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating Zimbabwe's economic performance, competitiveness, and progress in improving living standards compared to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP figures and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: This trend informs policymakers and institutions about Zimbabwe's economic development, guiding policies aimed at promoting sustainable growth and improving living standards.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the World Bank, but may have a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Zimbabwe (RGDPCHZWA625NUPN), retrieved from FRED.