Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Democratic Republic of the Congo
RGDPLPCDA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
240.46
Year-over-Year Change
5.23%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for the Democratic Republic of the Congo, derived from growth rates of consumption, government consumption, and investment.
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-adjusted GDP per capita metric provides a standardized way to compare living standards and economic productivity across countries, adjusting for differences in purchasing power. This data series is a valuable tool for economists and policymakers analyzing the Congo's economic development and living standards relative to other nations.
Methodology
The data is calculated by the World Bank using the Laspeyres method to derive PPP-converted GDP per capita from underlying economic growth components.
Historical Context
This metric is widely used by international organizations, governments, and analysts to assess the Congo's economic performance and living standards in a global context.
Key Facts
- GDP per capita in the Congo was $512 in 2021.
- The Congo's GDP per capita is among the lowest globally.
- PPP adjustments account for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for the Democratic Republic of the Congo, adjusting for differences in purchasing power between the Congo and other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare living standards and economic productivity across countries, making it a valuable tool for economists and policymakers analyzing the Congo's economic development relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to derive PPP-converted GDP per capita from underlying economic growth components.
Q: How is this trend used in economic policy?
A: This metric is widely used by international organizations, governments, and analysts to assess the Congo's economic performance and living standards in a global context, informing policymaking and economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to the same update delays and limitations as other World Bank economic indicators, which can vary depending on data availability and revisions.
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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 Democratic Republic of the Congo (RGDPLPCDA625NUPN), retrieved from FRED.