Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Lesotho
RGDPL2LSA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,410.06
Year-over-Year Change
42.92%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Lesotho, derived from growth rates of domestic absorption. It provides insights into the real standard of living and economic productivity of the country.
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) for Lesotho is an important indicator of the nation's economic development and living standards. It adjusts the nominal 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 metric is widely used by economists, policymakers, and international organizations to evaluate Lesotho's economic performance and living standards relative to other countries.
Key Facts
- Lesotho's PPP-converted GDP per capita was $3,462 in 2021.
- This metric has grown by an average of 2.5% annually over the past decade.
- Lesotho's PPP-adjusted GDP per capita is approximately 7% of the United States level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Lesotho, which adjusts the nominal GDP per capita to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate representation of Lesotho's standard of living and economic productivity compared to other countries, enabling better international comparisons.
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 metric is widely used by economists, policymakers, and international organizations to evaluate Lesotho's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying sources used in its calculation.
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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 Lesotho (RGDPL2LSA625NUPN), retrieved from FRED.