Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Pakistan
RGDPL2PKA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,290.60
Year-over-Year Change
31.32%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Laspeyres) trend measures the economic output and living standards of Pakistan, providing valuable insights for economists and policymakers.
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 metric represents the total economic output of Pakistan, adjusted for differences in purchasing power across countries. It is a widely used indicator of a country's economic development and standard of living.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula and growth rates of domestic absorption.
Historical Context
This trend is often referenced by international institutions and analysts assessing Pakistan's economic performance and growth potential.
Key Facts
- Pakistan's GDP per capita (PPP) was $5,839 in 2021.
- Pakistan's GDP per capita (PPP) has grown by an average of 3.4% annually over the past decade.
- Pakistan ranks 25th globally in terms of total GDP, but 148th in GDP per capita (PPP).
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Pakistan, providing a standardized metric for evaluating the country's economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for comparing Pakistan's economic performance and development to other countries, as well as tracking its progress over time. It informs policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula and growth rates of domestic absorption, which adjusts for differences in purchasing power across countries.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this metric to assess Pakistan's economic growth, competitiveness, and living standards relative to its peers. It informs decisions on trade, investment, and development policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year. Users should be aware that it may not reflect the most recent economic conditions in Pakistan.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Japan
RGDPCHJPA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Austria
RGDPLPATA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Switzerland
RGDPLPCHA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Libya
RGDPCHLYA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Dominica
RGDPCHDMA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Paraguay
RGDPL2PYA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Pakistan (RGDPL2PKA625NUPN), retrieved from FRED.