Constant GDP per capita for Singapore
NYGDPPCAPKDSGP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,706.83
Year-over-Year Change
31.01%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Constant GDP per capita for Singapore' trend measures the inflation-adjusted gross domestic product per person in Singapore. This metric is a key indicator of a country's economic development and living standards.
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 widely used statistic that reflects the economic productivity and standard of living in a country. The 'Constant GDP per capita' measure accounts for changes in price levels to provide a more accurate picture of real economic growth over time.
Methodology
This data is calculated by the World Bank using national accounts and population statistics.
Historical Context
Policymakers and economists closely monitor GDP per capita trends to assess a country's economic performance and make informed decisions.
Key Facts
- Singapore has one of the highest GDP per capita levels in the world.
- GDP per capita in Singapore has grown significantly over the past decades.
- Monitoring GDP per capita helps track a country's economic development.
FAQs
Q: What does this economic trend measure?
A: The 'Constant GDP per capita for Singapore' trend measures the inflation-adjusted gross domestic product per person in Singapore, a key indicator of economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used metric that provides insights into a country's economic performance and development. Monitoring this trend helps policymakers and economists assess Singapore's economic growth and living standards.
Q: How is this data collected or calculated?
A: This data is calculated by the World Bank using national accounts and population statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor GDP per capita trends to evaluate a country's economic progress and make informed decisions about policies and investments.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which is the primary source for this economic indicator.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Singapore (NYGDPPCAPKDSGP), retrieved from FRED.