Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Uruguay
PPCGDPUYA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,671.16
Year-over-Year Change
66.99%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Uruguay measures the economic output and living standards of the Uruguayan population, adjusted for differences in domestic purchasing power.
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
This metric provides a more accurate comparison of GDP per capita across countries by accounting for variations in price levels and cost of living. It is a key indicator used by economists and policymakers to evaluate economic development and living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert national GDP figures into a common currency while adjusting for price level differences.
Historical Context
This trend is widely referenced in international economic analysis and policy discussions.
Key Facts
- Uruguay's 2021 GDP per capita (PPP) was $23,305.
- Uruguay ranks 58th globally in GDP per capita (PPP).
- Uruguay's GDP per capita (PPP) has grown by 36% since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the Gross Domestic Product (GDP) per capita of Uruguay, adjusted for differences in purchasing power across countries using the Geary-Khamis method.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of living standards and economic development across countries by accounting for price level differences, making it a key indicator used by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert national GDP figures into a common currency while adjusting for price level differences.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in international economic analysis and policy discussions, as it offers insights into a country's economic performance and living standards relative to other nations.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and may have a delay of several months before the latest figures are published.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Uruguay (PPCGDPUYA620NUPN), retrieved from FRED.