Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Guinea
RGDPLPGNA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
786.35
Year-over-Year Change
0.46%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Guinea, derived from growth rates of consumption, government spending, and investment. It provides insights into the real standard of living and economic productivity of 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 PPP-converted GDP per capita (Laspeyres) is an important metric that allows for cross-country comparisons of economic output and living standards, adjusting for differences in price levels between nations. This data series is a valuable tool for economists and policymakers analyzing the Guinean economy.
Methodology
The data is calculated based on growth rates of key national accounts components.
Historical Context
This metric is widely used to assess economic development and inform policy decisions.
Key Facts
- Guinea's PPP-adjusted GDP per capita was $2,336 in 2021.
- The trend has shown steady growth over the past decade.
- PPP adjustments are critical for accurate cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Guinea, derived from growth rates of consumption, government spending, and investment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the real standard of living and economic productivity of Guinea, enabling cross-country comparisons adjusting for price level differences.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of key national accounts components.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to assess economic development and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts statistics for Guinea.
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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 Guinea (RGDPLPGNA625NUPN), retrieved from FRED.