Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Netherlands
PC2GDPNLA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,593.82
Year-over-Year Change
53.51%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP)-adjusted gross domestic product (GDP) per capita for the Netherlands. It provides insights into the standard of living and economic productivity of 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 Purchasing Power Parity Converted GDP Per Capita metric adjusts the GDP per capita figure to account for differences in the cost of living across countries, allowing for more accurate comparisons of economic output and living standards. This metric is widely used by economists and policymakers to evaluate a country's economic development and competitiveness.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert national GDP figures into a common currency while adjusting for price level differences.
Historical Context
This metric is critical for assessing a country's economic performance and making international comparisons, informing policy decisions and investment strategies.
Key Facts
- The Netherlands had a PPP-adjusted GDP per capita of $55,390 in 2021.
- This places the Netherlands among the top 20 countries globally by this metric.
- The Netherlands has maintained a high standard of living relative to other developed economies.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP)-adjusted gross domestic product (GDP) per capita for the Netherlands, providing insights into the country's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for evaluating a country's economic development and competitiveness, as well as making international comparisons of living standards and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert national GDP figures into a common currency while adjusting for price level differences.
Q: How is this trend used in economic policy?
A: This metric informs policy decisions and investment strategies by providing insights into a country's economic performance and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a delay of up to a year or more in some cases.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Netherlands (PC2GDPNLA620NUPN), retrieved from FRED.