Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Czech Republic
PCDGDPCZA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,855.44
Year-over-Year Change
79.42%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted domestic absorption per capita for the Czech Republic, which is a key indicator of a country's economic well-being and living standards.
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
Purchasing power parity (PPP) conversion adjusts economic data to account for differences in price levels across countries, providing a more accurate comparison of living standards. Domestic absorption per capita represents total domestic demand, including consumption and investment, on a per person basis.
Methodology
The data is calculated by the OECD using a multilateral, transitivity-preserving method to convert national accounts data to a common price level.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess a country's economic development and compare living standards across nations.
Key Facts
- The Czech Republic's PPP-adjusted domestic absorption per capita was $25,667 in 2021.
- This metric has grown by an average of 2.3% per year over the past decade in the Czech Republic.
- Domestic absorption per capita is a broader measure of economic well-being than GDP per capita alone.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted domestic absorption per capita for the Czech Republic, which represents total domestic demand, including consumption and investment, on a per person basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards across countries by accounting for differences in price levels. It is widely used by economists and policymakers to assess a country's economic development and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a multilateral, transitivity-preserving method to convert national accounts data to a common price level.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to evaluate a country's economic performance and living standards, informing policy decisions related to economic development, social welfare, and international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the OECD, 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 Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Czech Republic (PCDGDPCZA620NUPN), retrieved from FRED.