Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Montenegro
RGDPCHMEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,312.68
Year-over-Year Change
54.82%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Montenegro's gross domestic product (GDP) per capita adjusted for purchasing power parity (PPP). It provides a standardized basis for comparing living standards and economic productivity 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
The PPP-converted GDP per capita metric adjusts the raw GDP figure to account for differences in price levels between Montenegro and other nations. This enables more accurate international comparisons of economic output and living standards.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this indicator to assess Montenegro's economic development and competitiveness relative to its peers.
Key Facts
- Montenegro's PPP-adjusted GDP per capita was $19,301 in 2021.
- This metric has grown by an average of 2.8% annually over the past decade.
- Montenegro ranks 57th globally by this indicator, according to World Bank data.
FAQs
Q: What does this economic trend measure?
A: This trend measures Montenegro's gross domestic product (GDP) per capita, adjusted for differences in purchasing power parity (PPP) between Montenegro and other countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita metric provides a more accurate basis for comparing living standards and economic productivity across nations than raw GDP figures alone.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Montenegro's economic development and competitiveness relative to peer countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Montenegro (RGDPCHMEA625NUPN), retrieved from FRED.