Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Chile
RGDPCHCLA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,524.78
Year-over-Year Change
36.48%
Date Range
1/1/1951 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Chile measures the total economic output of Chile adjusted for differences in purchasing power and population size. This metric is crucial for international economic comparisons and policy analysis.
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 series represents Chile's Gross Domestic Product (GDP) per capita on a purchasing power parity (PPP) basis, using a chained index methodology. PPP-adjusted GDP per capita accounts for cost-of-living differences across countries, providing a more accurate picture of relative living standards and economic development.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and economists use this metric to evaluate Chile's economic performance and competitiveness relative to other countries.
Key Facts
- Chile's GDP per capita on a PPP basis was $25,746 in 2021.
- Chile's PPP-adjusted GDP per capita is about 55% of the U.S. level.
- The PPP-adjusted GDP per capita series accounts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Chile's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate picture of Chile's economic development and living standards compared to other nations, which is crucial for international economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this PPP-adjusted GDP per capita metric to evaluate Chile's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the World Bank's national accounts and population statistics.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Chile (RGDPCHCLA625NUPN), retrieved from FRED.