This indicator captures the trajectory of economic well-being across a nation's populace by analyzing the annualized growth rate of per capita real consumption or income derived from comprehensive household surveys, typically spanning approximately five years. Utilizing 2017 Purchasing Power Parity (PPP) standards, it reflects the mean consumption or income levels while adjusting for purchasing power, enabling a more accurate comparison across varying economic contexts. The calculation follows a systematic methodology, where the growth rate is derived from the ratio of mean values at the beginning and end of the survey period, normalized over time. However, data availability may present challenges in certain regions, especially where instability has impacted survey quality, necessitating careful interpretation of results in these contexts. For a deeper understanding, consult the Poverty and Inequality Platform.
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