Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for South Africa
RGDPLPZAA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,508.78
Year-over-Year Change
34.64%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for South Africa, derived from growth rates of consumption, government spending, and investment. It provides insights into the country'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 Converted GDP Per Capita (Laspeyres) metric adjusts GDP per capita to account for differences in the cost of living across countries, enabling more accurate comparisons of economic output and standards of living. This data is a valuable tool for economists and policymakers analyzing South Africa's economic performance and progress.
Methodology
The data is calculated by the World Bank using the Laspeyres method to derive PPP-adjusted GDP per capita from growth rates of key economic components.
Historical Context
This metric is widely used by international organizations, governments, and analysts to assess South Africa's economic development and compare its living standards to other countries.
Key Facts
- South Africa's 2021 PPP-adjusted GDP per capita was $13,957.
- This metric has increased by 18% over the past decade.
- PPP adjustments account for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for South Africa, which adjusts the country's GDP per capita to account for differences in the cost of living.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of South Africa's economic output and standard of living relative to other countries, making it a valuable tool for economists and policymakers analyzing the country's economic performance and progress.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to derive PPP-adjusted GDP per capita from growth rates of key economic components, such as consumption, government spending, and investment.
Q: How is this trend used in economic policy?
A: This metric is widely used by international organizations, governments, and analysts to assess South Africa's economic development and compare its living standards to other countries, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays 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 South Africa (RGDPLPZAA625NUPN), retrieved from FRED.