Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Finland
PPCGDPFIA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,374.62
Year-over-Year Change
53.13%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita in Finland, using the Geary-Khamis (G-K) method at current prices. It provides insights into the overall economic output and living standards in 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
The PPP-converted GDP per capita metric adjusts the nominal GDP to account for differences in price levels across countries, allowing for more accurate comparisons of economic output and living standards. The G-K method is a sophisticated approach that considers a broader basket of goods and services.
Methodology
The data is collected and calculated by the World Bank using established PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- Finland's PPP-converted GDP per capita was $51,850 in 2021.
- Finland ranks among the top 20 countries globally by this metric.
- The G-K method provides a more comprehensive measure than simple exchange rate conversions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita in Finland, using the Geary-Khamis (G-K) method at current prices.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall economic output and living standards in Finland, allowing for more accurate comparisons across countries than using nominal GDP.
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: This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Finland (PPCGDPFIA620NUPN), retrieved from FRED.