Constant GDP per capita for India
NYGDPPCAPKDIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,396.71
Year-over-Year Change
79.79%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Constant GDP per capita for India' series measures the level of economic output per person in India, adjusted for inflation. This key metric provides insight into the country's standard of living and economic development.
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
GDP per capita is a fundamental economic indicator that divides a country's total economic output by its population. The 'Constant' version of this metric adjusts the data for price changes over time, allowing for more accurate comparisons and trend analysis.
Methodology
This data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and economists closely monitor India's GDP per capita to assess the broader health of the economy and make informed decisions.
Key Facts
- India's GDP per capita was $2,277 in 2021.
- This metric has grown by over 300% since 1990.
- India ranks 122nd globally in terms of GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The 'Constant GDP per capita for India' series measures the level of economic output per person in India, adjusted for inflation over time.
Q: Why is this trend relevant for users or analysts?
A: This key metric provides insight into India's standard of living and economic development, which are crucial factors for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor India's GDP per capita to assess the broader health of the economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Constant GDP per capita for India (NYGDPPCAPKDIND), retrieved from FRED.