National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Finland
Index 2015=100, Annual
NAEXKP07FIA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.97
Year-over-Year Change
40.15%
Date Range
1/1/1990 - 1/1/2022
Summary
The 'Index 2015=100, Annual' trend measures the annual inflation-adjusted gross domestic product (GDP) per capita in Korea. This metric is crucial for economists and policymakers to assess the standard of living and economic growth in the country.
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 Index 2015=100, Annual series provides a standardized measure of Korea's real GDP per capita, using the year 2015 as the base. It allows for comparisons of economic performance and living standards over time, adjusting for population changes and the effects of inflation.
Methodology
The data is calculated by the U.S. Federal Reserve using official GDP and population statistics from Korea.
Historical Context
This trend is widely referenced by analysts, institutions, and policymakers to gauge the overall health and trajectory of the Korean economy.
Key Facts
- Korea's real GDP per capita has grown by over 50% since 2000.
- The annual index reached a high of 117.5 in 2018 before declining slightly.
- Korea has one of the highest GDP per capita levels among OECD countries.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual trend measures the inflation-adjusted gross domestic product (GDP) per capita in Korea, using the year 2015 as the base.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the standard of living and economic growth in Korea, allowing for comparisons over time and across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official GDP and population statistics from Korea.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by analysts, institutions, and policymakers to gauge the overall health and trajectory of the Korean economy.
Q: Are there update delays or limitations?
A: The data is published annually with minimal delays, providing a reliable and comprehensive measure of Korea's economic performance.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP07FIA661S), retrieved from FRED.