Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Antigua and Barbuda
RGDPL2AGA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,553.28
Year-over-Year Change
26.11%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) adjusted Gross Domestic Product (GDP) per capita for Antigua and Barbuda, derived from growth rates of domestic absorption. It provides insights into the country's economic development and living standards relative to other 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
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres) metric represents the real GDP per capita in Antigua and Barbuda, adjusted for differences in purchasing power across countries. This allows for more accurate international comparisons of living standards and economic productivity.
Methodology
The data is calculated by the U.S. Federal Reserve using growth rates of domestic absorption.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- Antigua and Barbuda's GDP per capita (PPP) was $26,171 in 2020.
- This metric has grown at an average annual rate of 2.3% over the past decade.
- Antigua and Barbuda's PPP-adjusted GDP per capita is among the highest in the Caribbean region.
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 Antigua and Barbuda, which provides insights into the country's economic development and living standards relative to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate and compare economic performance and living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international organizations to assess and compare the economic development and living standards of Antigua and Barbuda relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying information used in its calculation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Antigua and Barbuda (RGDPL2AGA625NUPN), retrieved from FRED.