Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Mozambique
RGDPLPMZA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
781.18
Year-over-Year Change
83.99%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures Mozambique's Purchasing Power Parity (PPP) converted GDP per capita, derived from growth rates of consumption, government consumption, and investment. It provides insights into the country's overall economic development and living standards.
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 Mozambique's GDP per capita to account for differences in purchasing power across countries, enabling more accurate international comparisons. This data point is a valuable tool for economists and policymakers analyzing Mozambique's economic performance and growth trajectory.
Methodology
The data is calculated using the Laspeyres index method, which compares the cost of a fixed basket of goods and services across different time periods or countries.
Historical Context
This metric is widely used by international organizations, governments, and analysts to evaluate Mozambique's economic development and living standards in relation to other countries.
Key Facts
- Mozambique's PPP-converted GDP per capita was $1,302 in 2021.
- The Laspeyres index is used to calculate this metric, adjusting for price differences across countries.
- This indicator provides a more accurate picture of Mozambique's economic development compared to nominal GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Mozambique's Purchasing Power Parity (PPP) converted GDP per capita, which adjusts the country's GDP per capita to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for accurately evaluating Mozambique's economic performance and living standards in comparison to other countries, as it adjusts for price level differences.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres index method, which compares the cost of a fixed basket of goods and services across different time periods or countries.
Q: How is this trend used in economic policy?
A: This indicator is widely used by international organizations, governments, and analysts to assess Mozambique's economic development and living standards in relation to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the collecting agency, the U.S. Federal Reserve.
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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 Mozambique (RGDPLPMZA625NUPN), retrieved from FRED.