Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Sweden
PC2GDPSEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,137.63
Year-over-Year Change
66.75%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted gross domestic product per capita for Sweden, 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 raw GDP per capita figure to account for differences in price levels across countries, allowing for more accurate international comparisons of living standards and economic productivity.
Methodology
The data is calculated using the Gini-Eltetö-Köves-Szulc (GEKS) method with the Caves-Christensen-Diewert-Woodland (CPDW) approach.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Sweden's economic performance and development relative to other nations.
Key Facts
- Sweden's PPP-adjusted GDP per capita was $54,984 in 2021.
- Sweden's PPP GDP per capita is among the highest in the world.
- The PPP adjustment corrects for differences in price levels across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Sweden, which adjusts the raw GDP per capita figure to account for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate assessment of Sweden's standard of living and economic productivity compared to other nations, allowing for better international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated using the Gini-Eltetö-Köves-Szulc (GEKS) method with the Caves-Christensen-Diewert-Woodland (CPDW) approach.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Sweden's economic performance and development relative to other nations.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Sweden (PC2GDPSEA620NUPN), retrieved from FRED.