Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Vietnam
RGDPL2VNA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,800.49
Year-over-Year Change
100.05%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Vietnam, derived from growth rates of domestic absorption. It provides insights into the country's economic development 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 (Laspeyres) is an indicator that adjusts a country's GDP per capita to account for differences in purchasing power across economies. This allows for more accurate comparisons of living standards and economic well-being between countries.
Methodology
The data is calculated using growth rates of domestic absorption for Vietnam.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic performance and guide policy decisions.
Key Facts
- Vietnam's PPP-converted GDP per capita was $7,373 in 2021.
- This metric has grown by an average of 5.8% annually over the past decade.
- Vietnam's PPP-converted GDP per capita is approximately 16% of the United States' level.
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 Vietnam, derived from growth rates of domestic absorption.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic well-being between Vietnam and other countries, as it accounts for differences in purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated using growth rates of domestic absorption for Vietnam.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic performance and guide policy decisions.
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.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Mexico
RGDPCHMXA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Haiti
RGDPCHHTA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for the Gambia
RGDPLPGMA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Algeria
RGDPLPDZA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Marshall Islands
RGDPLPMHA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Iraq
RGDPCHIQA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Vietnam (RGDPL2VNA625NUPN), retrieved from FRED.