Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Equatorial Guinea
RGDPL2GQA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,249.16
Year-over-Year Change
283.36%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Equatorial Guinea, derived from growth rates of domestic absorption. It provides insights into the country's overall economic productivity 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 metric adjusts for differences in price levels between countries, enabling more accurate cross-country comparisons of economic output and standards of living. This data series calculates the figure for Equatorial Guinea using the Laspeyres method, which is based on a fixed basket of goods and services.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to evaluate Equatorial Guinea's economic performance and development.
Key Facts
- Equatorial Guinea is an oil-rich country in Central Africa.
- Its GDP per capita is among the highest in Africa.
- The PPP adjustment accounts for cost-of-living differences.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Equatorial Guinea, adjusting for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of economic output and living standards between Equatorial Guinea and other nations, which is useful for economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This indicator is widely used to evaluate Equatorial Guinea's economic performance and development, informing policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in accurately capturing all economic activity in Equatorial Guinea.
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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 Equatorial Guinea (RGDPL2GQA625NUPN), retrieved from FRED.