Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Slovenia
PPCGDPSIA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,961.31
Year-over-Year Change
87.14%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) converted GDP per capita for Slovenia, using the Geary-Khamis (G-K) method and expressed in current international dollars.
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 standard GDP per capita figure to account for differences in purchasing power across countries, allowing for more accurate international comparisons. The G-K method is a widely used approach for calculating PPP.
Methodology
The data is calculated by the World Bank using a multilateral price comparison framework.
Historical Context
This indicator is useful for assessing Slovenia's economic development and standard of living relative to other countries.
Key Facts
- Slovenia's PPP-adjusted GDP per capita was $35,342 in 2021.
- Slovenia's PPP-adjusted GDP per capita is above the EU average.
- The G-K method is a widely used approach for calculating PPP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) converted GDP per capita for Slovenia, adjusting the standard GDP per capita figure to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate international comparisons of economic development and standard of living, as it takes into account the relative purchasing power of currencies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a multilateral price comparison framework.
Q: How is this trend used in economic policy?
A: This indicator is useful for assessing Slovenia's economic development and standard of living relative to other countries, which can inform policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and may have a short delay compared to more frequently published economic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Slovenia (PPCGDPSIA620NUPN), retrieved from FRED.