Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for India
RGDPL2INA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,491.30
Year-over-Year Change
104.10%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for India, measures the economic productivity and standard of living in India, adjusted for differences in purchasing power across countries.
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
This indicator provides a more accurate comparison of GDP per capita between countries by accounting for variations in the cost of living. It is a key metric used by economists and policymakers to assess India's economic development and living standards relative to other nations.
Methodology
The data is calculated using the Laspeyres index method and growth rates of domestic absorption.
Historical Context
This trend is widely referenced in international economic analysis and policy discussions.
Key Facts
- India's GDP per capita based on purchasing power parity was $6,302 in 2020.
- India's GDP per capita grew by 4.0% on average from 2010 to 2020.
- India ranks 126th globally in GDP per capita based on purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: This trend measures India's GDP per capita adjusted for differences in purchasing power across countries, providing a more accurate comparison of living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating India's economic development and competitiveness compared to other nations, as it accounts for cost-of-living variations.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres index method and growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in international economic analysis and policy discussions to assess India's economic performance and living standards.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have update delays due to the complex methodology involved.
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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 India (RGDPL2INA625NUPN), retrieved from FRED.