Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Spain
PC2GDPESA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,895.03
Year-over-Year Change
52.89%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted GDP per capita for Spain. It provides insight into the relative standard of living and economic productivity within 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 PPP-converted GDP per capita metric adjusts the raw GDP per capita figure to account for differences in purchasing power across countries, enabling more accurate comparisons of living standards and economic output.
Methodology
The data is calculated using the Geary-Khamis method to derive PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and investors to evaluate Spain's economic performance and competitiveness.
Key Facts
- Spain's PPP-adjusted GDP per capita was $40,700 in 2021.
- This metric has grown by over 50% since 2000.
- Spain ranks 25th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Spain's GDP per capita adjusted for purchasing power parity, providing a more accurate comparison of living standards and economic productivity across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key metric for evaluating a country's economic performance, competitiveness, and the relative standard of living of its population.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis method to derive purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Spain's economic development, inform policy decisions, and benchmark the country's performance against international peers.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be a 1-2 year lag in the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Spain (PC2GDPESA620NUPN), retrieved from FRED.