Actions for PPP Converted GDP per Capita Laspeyres), derived from Growth Rates of c, g, i from the Penn World Table 5.6 database shown in 1985 Constant Prices

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PPP Converted GDP per Capita Laspeyres), derived from Growth Rates of c, g, i from the Penn World Table 5.6 database shown in 1985 Constant Prices/1985 International Dollars per person Date Type: Year; Country: Guinea Sage Data. Sage Publishing Ltd Sage Data [electronic resource]

Corporate Author
Center for International Comparisons of Production, Income and Prices
Published
Thousand Oaks, CA : Sage Publications, Inc. 2025
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Summary
Real gross domestic product (GDP) per capita (Laspeyres) is obtained by adding up consumption, investment, government spending, and exports, and subtracting imports, divided by population, in any given year. Real GDP in the Penn World Table means GDP converted to international dollars using purchasing power parity (PPP) rates. (An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States in a given base year.) It is a fixed base index (hence the designation Laspeyeres) where the reference year is 1985. Constant prices allow figures to be represented so that the effects of inflation are removed. The Penn World Table (PWT) 5.6 provides purchasing power parity and national income accounts converted to international prices for 152 countries and territories, for the period 1950-1992, and uses 1985 as the reference year. Its expenditure entries are denominated in a common set of prices in a common currency so that real quantity comparisons can be made, both between countries and over time. It also provides information about relative prices within and between countries, as well as demographic data and capital stock estimates. Since the regionalization of the United Nations International Comparison Programme (ICP) beginning with the 1980 benchmark, Robert Summers and Alan Heston at the Center for International Comparisons of Production, Income and Prices at the University of Pennsylvania have been using ICP benchmark comparisons as a basis for estimating PPPs (purchasing power parities) for non-benchmark countries and extrapolations backward and forward in time.
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ISBN
9781544332048 Sage Data CORE
Type of File/Data
Statistical data with bibliographic citation and abstract.
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