Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Angola
RGDPLPAOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,108.19
Year-over-Year Change
113.18%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Angola, derived from growth rates of consumption, government consumption, and investment. 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) metric adjusts Angola's GDP per capita to account for differences in price levels between countries, allowing for more accurate cross-country comparisons of living standards and economic performance.
Methodology
The data is calculated using the Laspeyres method, which relies on a fixed basket of goods and services to measure changes in purchasing power over time.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic development and make informed decisions.
Key Facts
- Angola's GDP per capita adjusted for purchasing power was $6,700 in 2020.
- The PPP-adjusted GDP per capita has grown by an average of 2.5% annually over the past decade.
- Angola's PPP-adjusted GDP per capita is about 15% 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 Angola, which adjusts the country's GDP per capita to account for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate picture of living standards and economic productivity in Angola compared to using nominal GDP per capita, allowing for better cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres method, which relies on a fixed basket of goods and services to measure changes in purchasing power over time.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this trend to evaluate economic development and make informed decisions about policies and investments.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as it relies on the availability of underlying consumption, government spending, and investment data for Angola.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Angola (RGDPLPAOA625NUPN), retrieved from FRED.