Gross Domestic Product Per Capita for Croatia
PCAGDPHRA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,931.45
Year-over-Year Change
77.16%
Date Range
1/1/1990 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita is a key measure of economic output and living standards. This indicator tracks Croatia's GDP per person, providing insight into the country's economic growth and 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
GDP per capita is a fundamental economic statistic that measures the total economic output of a country divided by its population. It is widely used to assess a country's standard of living, productivity, and overall economic health.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
GDP per capita is a crucial metric for policymakers, investors, and economists to evaluate Croatia's economic performance and competitiveness.
Key Facts
- Croatia's GDP per capita was $14,850 in 2021.
- GDP per capita has grown by over 50% since 2000.
- Croatia joined the European Union in 2013.
FAQs
Q: What does this economic trend measure?
A: This trend measures Croatia's Gross Domestic Product (GDP) per capita, which represents the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's standard of living, productivity, and overall economic health, making it essential for policymakers, investors, and economists to evaluate Croatia's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: GDP per capita is a crucial metric for policymakers to assess Croatia's economic growth, competitiveness, and development, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Croatia (PCAGDPHRA646NWDB), retrieved from FRED.