Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sweden
RGDPCHSEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,132.38
Year-over-Year Change
30.91%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sweden measures the economic output per person in Sweden, 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 economic indicator provides a standardized measure of living standards by accounting for price level differences between Sweden and other nations. It is a widely used metric for international comparisons of economic development and prosperity.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to convert GDP per capita to a common currency and purchasing power basis.
Historical Context
Policymakers and analysts use this metric to evaluate Sweden's economic performance relative to other developed economies.
Key Facts
- Sweden's GDP per capita was $54,934 in 2021.
- Sweden ranks among the world's most prosperous economies.
- GDP per capita adjusted for purchasing power is a better measure of living standards than unadjusted GDP.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sweden measures the economic output per person in Sweden, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized measure of living standards that allows for meaningful international comparisons of economic development and prosperity.
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 per capita to a common currency and purchasing power basis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Sweden's economic performance relative to other developed economies.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Sweden (RGDPCHSEA625NUPN), retrieved from FRED.