Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Chile
PPCGDPCLA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,960.80
Year-over-Year Change
130.18%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Chile, using the Geary-Khamis (G-K) method and current prices. It provides insight into the standard of living and economic productivity of the Chilean 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) GDP per capita adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic output and living standards. The G-K method is a common approach for calculating PPP. This metric is widely used by economists, policymakers, and international organizations to assess a country's economic development and competitiveness.
Methodology
The data is collected and calculated by the World Bank using established PPP conversion factors.
Historical Context
This trend is relevant for understanding Chile's economic performance and guiding policy decisions related to growth, inequality, and international trade.
Key Facts
- Chile's PPP-adjusted GDP per capita was $25,570 in 2021.
- Chile's PPP GDP per capita has grown by over 50% since 2000.
- Chile ranks 43rd globally in PPP GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Chile, using the Geary-Khamis (G-K) method and current prices. It provides a more accurate comparison of living standards and economic productivity than nominal GDP per capita.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess a country's economic development, competitiveness, and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to understand Chile's economic performance and guide decisions related to growth, inequality, and international trade.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with some potential for delays in the most recent year's figures.
Related Trends
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Czech Republic
PCDGDPCZA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Liberia
PPCGDPLRA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Kyrgyzstan
PC2GDPKGA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Hungary
PPCGDPHUA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for El Salvador
PCDGDPSVA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Timor-Leste
PC2GDPTLA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Chile (PPCGDPCLA620NUPN), retrieved from FRED.