Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Dominican Republic
RGDPLPDOA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,506.05
Year-over-Year Change
56.04%
Date Range
1/1/1951 - 1/1/2010
Summary
This metric measures the purchasing power-adjusted gross domestic product per capita in the Dominican Republic. It provides insight into the nation's economic development and standard of living.
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 (PPP) converted GDP per capita is a measure of economic output that accounts for differences in the cost of living across countries. It allows for more accurate international comparisons of material well-being and productivity.
Methodology
The data is calculated based on growth rates of consumption, government consumption, and investment.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards.
Key Facts
- The Dominican Republic's GDP per capita (PPP) was $18,501 in 2021.
- GDP per capita (PPP) has grown by an average of 4.7% annually over the past decade.
- The Dominican Republic ranks 83rd globally in GDP per capita (PPP).
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power-adjusted gross domestic product per capita in the Dominican Republic, providing insight into the nation's economic development and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the Dominican Republic's economic development and compare its standard of living to other countries.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with typical update delays of a few months.
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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 Dominican Republic (RGDPLPDOA625NUPN), retrieved from FRED.