Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Mali
RGDPL2MLA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
999.75
Year-over-Year Change
30.25%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures purchasing power parity-adjusted GDP per capita for Mali, derived from growth rates of domestic absorption. It provides insights into the standard of living and economic productivity in 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 Purchasing Power Parity Converted GDP Per Capita (Laspeyres) series for Mali represents the country's total economic output divided by its population, adjusted for differences in purchasing power across countries. This metric is widely used to compare living standards and productivity between nations.
Methodology
The data is calculated using growth rates of domestic absorption, which encompasses private and government consumption as well as investment.
Historical Context
This trend is valuable for policymakers, investors, and analysts seeking to understand Mali's economic development and competitiveness.
Key Facts
- Mali's GDP per capita was $2,291 in 2021.
- GDP per capita growth in Mali averaged 1.78% from 2000 to 2021.
- Mali's economy is heavily dependent on agriculture and extractive industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures purchasing power parity-adjusted GDP per capita for Mali, providing insights into the country's standard of living and economic productivity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to compare living standards and productivity between countries, making it valuable for policymakers, investors, and economists analyzing Mali's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using growth rates of domestic absorption, which encompasses private and government consumption as well as investment.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, investors, and analysts to understand Mali's economic development and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have some limitations in capturing the full complexity of Mali's economy.
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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 Mali (RGDPL2MLA625NUPN), retrieved from FRED.