Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Switzerland
PPCGDPCHA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,368.08
Year-over-Year Change
53.30%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity-adjusted gross domestic product per capita for Switzerland, using the Geary-Khamis method. It provides insights into the economic well-being and productivity of the Swiss population.
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 GDP per capita to account for differences in the cost of living across countries, enabling more accurate comparisons of economic output and standards of living. The Geary-Khamis method is a specific PPP calculation approach.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and development.
Key Facts
- Switzerland has one of the highest GDP per capita in the world.
- Swiss GDP per capita is over 4 times the global average.
- Switzerland's high living standards are supported by its strong economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted gross domestic product per capita for Switzerland, using the Geary-Khamis method.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of economic output and living standards across countries by accounting for differences in the cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and development.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price survey information collected by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Switzerland (PPCGDPCHA620NUPN), retrieved from FRED.