Constant GDP per capita for Thailand
NYGDPPCAPKDTHA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,573.44
Year-over-Year Change
21.64%
Date Range
1/1/1960 - 1/1/2024
Summary
Constant GDP per capita for Thailand measures the country's economic output per person, adjusted for inflation. This metric is crucial for assessing long-term living standards 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
Constant GDP per capita represents the total economic output of Thailand divided by its population, with adjustments made to account for changes in prices over time. This allows for meaningful comparisons of living standards and productivity across different periods.
Methodology
The data is calculated by the World Bank using official GDP and population figures.
Historical Context
Constant GDP per capita is a key indicator used by policymakers, investors, and economists to evaluate Thailand's economic performance and progress.
Key Facts
- Thailand's constant GDP per capita was $6,302 in 2021.
- GDP per capita has grown by over 250% in Thailand since 1990.
- Rapid economic development has lifted millions out of poverty in Thailand.
FAQs
Q: What does this economic trend measure?
A: Constant GDP per capita for Thailand measures the country's total economic output divided by its population, with adjustments made for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing long-term living standards and economic development in Thailand.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official GDP and population figures.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is a key indicator used by policymakers, investors, and economists to evaluate Thailand's economic performance and progress.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a short delay.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Thailand (NYGDPPCAPKDTHA), retrieved from FRED.