Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Italy
PCDGDPITA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,362.87
Year-over-Year Change
42.21%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Italy. It provides insights into the average standard of living and economic well-being of Italian consumers.
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 Domestic Absorption Per Capita trend represents the total consumption and investment within Italy's economy, adjusted for differences in price levels compared to a reference country. It is a widely used metric for cross-country comparisons of economic activity and development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis aggregation method and national accounts information.
Historical Context
This trend is valuable for policymakers, analysts, and international organizations to assess Italy's economic performance and living standards relative to other countries.
Key Facts
- Italy's Purchasing Power Parity Converted Domestic Absorption Per Capita was $34,984 in 2020.
- This metric has grown by an average of 1.2% per year over the last decade.
- Italy ranks 21st globally in terms of Purchasing Power Parity Converted Domestic Absorption Per Capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for Italy, which represents the total consumption and investment within Italy's economy, adjusted for differences in price levels compared to a reference country.
Q: Why is this trend relevant for users or analysts?
A: This trend is valuable for policymakers, analysts, and international organizations to assess Italy's economic performance and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis aggregation method and national accounts information.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international organizations to compare the economic activity and development of Italy to other countries, informing policy decisions and assessments of living standards.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts information and may have update delays, typically around 1-2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Italy (PCDGDPITA620NUPN), retrieved from FRED.