Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Spain
RGDPCHESA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,331.50
Year-over-Year Change
14.42%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Spain, adjusting for differences in price levels between countries. It provides insights into the relative economic output and living standards of the Spanish population.
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 Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Spain is a key measure of economic development and living standards. It allows for cross-country comparisons of GDP per capita by accounting for differences in purchasing power, providing a more accurate assessment of relative living standards.
Methodology
The data is calculated by the World Bank using a complex system of price surveys and adjustments to convert national GDP figures into a common currency with equivalent purchasing power.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to analyze economic performance and make informed decisions.
Key Facts
- Spain's PPP-adjusted GDP per capita was $40,732 in 2021.
- Spain's PPP-adjusted GDP per capita is around 87% of the OECD average.
- The PPP-adjusted GDP per capita has grown by over 50% since 2000 in Spain.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Spain, adjusting for differences in price levels between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate assessment of relative living standards and economic development in Spain compared to other countries, enabling better cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a complex system of price surveys and adjustments to convert national GDP figures into a common currency with equivalent purchasing power.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international organizations to analyze economic performance and make informed decisions about economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical delay of 1-2 years in the most recent figures being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Spain (RGDPCHESA625NUPN), retrieved from FRED.