Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Angola
RGDPL2AOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,991.55
Year-over-Year Change
139.49%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Angola, 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) trend is a key indicator used by economists and policymakers to assess a country's economic performance and living standards. It adjusts GDP per capita to account for differences in purchasing power across countries, enabling more accurate international comparisons.
Methodology
The data is calculated using the Laspeyres method based on growth rates of domestic absorption.
Historical Context
This trend is widely used to inform economic policy decisions and evaluate market conditions.
Key Facts
- Angola's GDP per capita was $6,555 in 2020.
- Angola's PPP-adjusted GDP per capita is 40% of the global average.
- The Laspeyres method adjusts for price level differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Angola, derived from growth rates of domestic absorption. It provides a more accurate comparison of living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is highly relevant for economists, policymakers, and analysts assessing a country's economic performance and living standards in an international context.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres method based on growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic policy decisions and evaluate market conditions, providing insights into a country's economic development and living standards relative to other nations.
Q: Are there update delays or limitations?
A: There may be update delays or limitations in the data availability, as it is derived from complex international comparisons.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sri Lanka
RGDPCHLKA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Uzbekistan
RGDPLPUZA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Timor-Leste
RGDPLPTLA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Barbados
RGDPCHBBA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Romania
RGDPLPROA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kuwait
RGDPLPKWA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Angola (RGDPL2AOA625NUPN), retrieved from FRED.