Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Cote d`Ivoire
RGDPL2CIA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,287.23
Year-over-Year Change
-16.07%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Cote d'Ivoire, 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 PPP-converted GDP per capita (Laspeyres) metric adjusts the standard GDP per capita figure to account for differences in purchasing power across countries, enabling more accurate cross-country comparisons. This data is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption and other macroeconomic indicators.
Historical Context
This metric is crucial for assessing Cote d'Ivoire's economic progress and competitiveness within the global marketplace.
Key Facts
- Cote d'Ivoire's PPP-adjusted GDP per capita was $3,798 in 2021.
- This metric has grown by an average of 1.5% annually over the past decade.
- The PPP adjustment accounts for differences in the cost of living across countries.
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 Cote d'Ivoire, which provides insights into the country's economic development and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Cote d'Ivoire's economic progress and competitiveness within the global marketplace, as it enables more accurate cross-country comparisons of living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption and other macroeconomic indicators.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this metric to evaluate Cote d'Ivoire's economic performance and living standards, informing policy decisions and development strategies.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months. Limitations may include the accuracy of the underlying macroeconomic data and the complexities of PPP adjustments across countries.
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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 Cote d`Ivoire (RGDPL2CIA625NUPN), retrieved from FRED.