Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Ghana
RGDPLPGHA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,093.44
Year-over-Year Change
51.75%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures Ghana's purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita, derived from growth rates of consumption, government consumption, and investment. It provides insight into the country's overall 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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate international comparisons of economic activity and living standards. This data series is a valuable tool for economists and policymakers analyzing Ghana's economic performance and progress.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula based on national accounts components.
Historical Context
This metric is widely used by international institutions, economists, and investors to assess Ghana's economic position and growth potential.
Key Facts
- Ghana's PPP-adjusted GDP per capita was $5,337 in 2021.
- The metric has grown at an average annual rate of 3.7% over the past decade.
- Ghana's PPP-adjusted GDP per capita is approximately 13% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This metric measures Ghana's purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita, which provides a more accurate picture of the country's overall economic development and living standards.
Q: Why is this trend relevant for users or analysts?
A: This data is widely used by economists, policymakers, and investors to assess Ghana's economic performance and growth potential, as well as to make international comparisons of living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula based on national accounts components.
Q: How is this trend used in economic policy?
A: This metric is used by international institutions, governments, and analysts to evaluate Ghana's economic position, inform policy decisions, and assess the country's progress and growth potential.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be some lag in the availability of the most recent figures.
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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 Ghana (RGDPLPGHA625NUPN), retrieved from FRED.