Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Denmark
RGDPCHDKA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,705.00
Year-over-Year Change
7.82%
Date Range
1/1/1950 - 1/1/2010
Summary
This series measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Denmark, adjusted for changes in the base year. It is a key indicator of economic development and living standards.
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 a country's GDP to account for differences in the cost of living, providing a more accurate comparison of living standards across countries. This metric is widely used by economists and policymakers to evaluate relative economic performance and progress.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to convert GDP to a common currency.
Historical Context
Trends in PPP GDP per capita inform economic policy decisions and are tracked by international organizations and analysts.
Key Facts
- Denmark's PPP GDP per capita was $51,610 in 2021.
- Denmark ranks among the highest in the world for PPP GDP per capita.
- PPP GDP per capita has grown steadily in Denmark over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This series measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Denmark, adjusting for differences in the cost of living across countries.
Q: Why is this trend relevant for users or analysts?
A: PPP GDP per capita is a key indicator of economic development and living standards, allowing for more accurate comparisons of prosperity across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to convert GDP to a common currency.
Q: How is this trend used in economic policy?
A: Trends in PPP GDP per capita inform economic policy decisions and are tracked by international organizations and analysts to evaluate relative economic performance and progress.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which may result in periodic delays or revisions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Denmark (RGDPCHDKA625NUPN), retrieved from FRED.