Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Nepal
RGDPLPNPA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,144.87
Year-over-Year Change
44.60%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Nepal's Purchasing Power Parity (PPP) Converted GDP Per Capita, derived from growth rates of consumption, government consumption, and investment. It provides insight into the country's 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 PPP Converted GDP Per Capita (Laspeyres) for Nepal represents the total economic output per person, adjusted for differences in purchasing power across countries. This metric is widely used by economists and policymakers to compare living standards and economic progress between nations.
Methodology
The data is calculated by the World Bank using growth rates of key economic components.
Historical Context
This trend is relevant for understanding Nepal's macroeconomic performance and informing policy decisions.
Key Facts
- Nepal's PPP-adjusted GDP per capita was $2,785 in 2021.
- The trend has grown at an average annual rate of 4.3% over the past decade.
- PPP conversion factors account for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Nepal's Purchasing Power Parity (PPP) Converted GDP Per Capita, which represents the total economic output per person adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to compare living standards and economic progress between nations, providing insight into Nepal's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of key economic components such as consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Nepal's macroeconomic performance and informing policy decisions aimed at promoting economic development and improving living standards.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be a lag of several months between the end of the reference year and the release of the updated 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 Nepal (RGDPLPNPA625NUPN), retrieved from FRED.