Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Hungary
PC2GDPHUA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,465.12
Year-over-Year Change
72.19%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Hungary, providing a standardized metric for international comparisons of living standards and economic productivity.
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 trend adjusts Hungary's GDP to account for differences in purchasing power across countries, enabling more accurate cross-country comparisons of material living standards. Economists and policymakers use this metric to evaluate Hungary's economic development and competitiveness relative to its peers.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to determine purchasing power parities.
Historical Context
This trend is widely used by international organizations, economists, and investors to analyze Hungary's economic performance and living standards.
Key Facts
- Hungary's PPP-converted GDP per capita was $31,577 in 2021.
- This represents a 47% increase from Hungary's 2000 level of $21,522.
- Hungary's GDP per capita remains below the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures Hungary's purchasing power parity (PPP) converted gross domestic product (GDP) per capita, which provides a standardized metric for comparing living standards and economic productivity across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate Hungary's economic development and competitiveness relative to its peers, as it accounts for differences in purchasing power across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to determine purchasing power parities.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, international organizations, and investors to analyze Hungary's economic performance and living standards, informing decisions related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be some delays in the availability of 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 Hungary (PC2GDPHUA620NUPN), retrieved from FRED.