Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Japan
PC2GDPJPA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,656.95
Year-over-Year Change
37.12%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity converted GDP per capita for Japan, providing insights into the country's standard of living 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
The purchasing power parity (PPP) converted GDP per capita metric adjusts the GDP per person to account for differences in the cost of living across countries, allowing for more accurate international comparisons. This trend is a key statistic used by economists and policymakers to assess Japan's economic performance and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This indicator is widely used to evaluate Japan's economic position relative to other major economies and to inform policy decisions.
Key Facts
- Japan's PPP-adjusted GDP per capita was $42,932 in 2021.
- Japan's PPP GDP per capita is about 85% of the United States' level.
- PPP adjustments are important for comparing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) converted GDP per capita for Japan, which adjusts the country's GDP per person to account for differences in the cost of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess Japan's economic performance and living standards in a more accurate international comparison.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert GDP to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This indicator is used to evaluate Japan's economic position relative to other major economies and to inform policy decisions related to economic growth, living standards, and international competitiveness.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as the World Bank collects and processes the underlying information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Japan (PC2GDPJPA620NUPN), retrieved from FRED.