Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Japan
RGDPCHJPA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,447.23
Year-over-Year Change
7.65%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Japan measures the economic output per person in Japan, adjusted for differences in purchasing power across countries.
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 provides a standardized metric for comparing living standards and economic productivity across nations. It is a key indicator used by economists, policymakers, and international institutions to assess Japan's economic development and global competitiveness.
Methodology
The data is calculated by the World Bank using a purchasing power parity (PPP) conversion factor to adjust for price level differences between Japan and other countries.
Historical Context
This metric informs discussions around Japan's economic policies, trade, and strategic positioning relative to its global peers.
Key Facts
- Japan's GDP per capita in 2021 was $42,942.
- Japan's GDP per capita has grown by over 40% since 2000.
- Japan ranks 28th globally in GDP per capita (PPP).
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Japan divided by its population, adjusted for differences in purchasing power between Japan and other countries.
Q: Why is this trend relevant for users or analysts?
A: The purchasing power parity-adjusted GDP per capita is a key indicator of a country's standard of living and economic development, allowing for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a purchasing power parity (PPP) conversion factor to adjust Japan's GDP for price level differences with other economies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to benchmark Japan's economic performance, assess its global competitiveness, and inform discussions around trade, investment, and economic reforms.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the time required for collection and calculation by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Japan (RGDPCHJPA625NUPN), retrieved from FRED.