Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Slovenia
PCDGDPSIA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,611.18
Year-over-Year Change
82.65%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Slovenia's domestic absorption per capita, adjusted for purchasing power parity. It provides insight into the standard of living and economic development 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
Purchasing power parity (PPP) conversion adjusts economic indicators to account for differences in price levels across countries, allowing more accurate international comparisons. This PPP-adjusted domestic absorption metric reflects Slovenia's overall consumption, investment, and government spending per person.
Methodology
The data is calculated by the OECD using the Geary-Khamis method to convert local currency values to a common unit.
Historical Context
Policymakers and analysts use this metric to assess Slovenia's economic performance and living standards relative to other nations.
Key Facts
- Slovenia's PPP-adjusted domestic absorption per capita was $25,443 in 2021.
- This metric has grown by an average of 2.4% per year over the past decade.
- Slovenia ranks 25th globally on this indicator, above the OECD average.
FAQs
Q: What does this economic trend measure?
A: This metric measures Slovenia's domestic absorption per capita, adjusted for differences in purchasing power across countries. It reflects overall consumption, investment, and government spending in the Slovenian economy.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted indicator provides a more accurate picture of Slovenia's living standards and economic development compared to using nominal exchange rates. It allows for meaningful international comparisons of economic well-being.
Q: How is this data collected or calculated?
A: The OECD calculates this metric using the Geary-Khamis method to convert local currency values to a common unit based on purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-adjusted domestic absorption indicator to assess Slovenia's economic performance and living standards relative to other nations, informing policy decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the time required for collection and analysis. The OECD's PPP calculations may also be subject to revisions over time.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Slovenia (PCDGDPSIA620NUPN), retrieved from FRED.