Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Switzerland
PC2GDPCHA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,397.00
Year-over-Year Change
53.50%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted GDP per capita in Switzerland, providing insights into the country's overall economic productivity and standard of living.
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 Purchasing Power Parity Converted GDP Per Capita metric adjusts for differences in price levels across countries, allowing for more accurate comparisons of economic output and living standards. This data is widely used by economists and policymakers to evaluate Switzerland's economic performance relative to other nations.
Methodology
The data is calculated by the Penn World Table using the GEKS-CPDW method to convert GDP values into internationally comparable terms.
Historical Context
This trend is relevant for understanding Switzerland's economic position and competitiveness within the global marketplace.
Key Facts
- Switzerland has one of the highest GDP per capita in the world.
- The country's living standards are among the highest globally.
- Purchasing power parity adjustments are crucial for accurate cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted GDP per capita in Switzerland, providing insights into the country's overall economic productivity and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This data is widely used by economists and policymakers to evaluate Switzerland's economic performance and competitiveness relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the Penn World Table using the GEKS-CPDW method to convert GDP values into internationally comparable terms.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Switzerland's economic position and competitiveness within the global marketplace.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological constraints of the Penn World Table.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Switzerland (PC2GDPCHA620NUPN), retrieved from FRED.