Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Ecuador
RGDPL2ECA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,239.92
Year-over-Year Change
27.30%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita in Ecuador, derived from growth rates of domestic absorption. It provides insights into the country's economic productivity and living standards.
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 represents the GDP per capita in Ecuador, adjusted for differences in purchasing power across countries. This metric is useful for comparing living standards and economic performance between nations.
Methodology
The data is calculated based on growth rates of domestic absorption, which includes consumption and investment.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Ecuador's economic development and make cross-country comparisons.
Key Facts
- Ecuador's GDP per capita (PPP) was $11,978 in 2021.
- The trend has shown steady growth over the past decade.
- PPP-adjusted GDP per capita is a better measure of living standards than nominal GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita in Ecuador, derived from growth rates of domestic absorption. It provides insights into the country's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess Ecuador's economic development and make cross-country comparisons of living standards and economic performance.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of domestic absorption, which includes consumption and investment.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate Ecuador's economic development and living standards, and to make cross-country comparisons.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the trend is derived from growth rates of domestic absorption. Users should consult the source for the most up-to-date information and any known limitations.
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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 Ecuador (RGDPL2ECA625NUPN), retrieved from FRED.