Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for China
RGDPL2CNA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,174.24
Year-over-Year Change
193.12%
Date Range
1/1/1952 - 1/1/2010
Summary
This economic indicator measures China's purchasing power parity (PPP) converted GDP per capita using the Laspeyres method. It is a key metric for assessing China's 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
The PPP-converted GDP per capita (Laspeyres) indicator provides a standardized measure of China's economic output and productivity, adjusting for differences in domestic price levels. It is widely used by economists and policymakers to compare China's standard of living to other countries.
Methodology
This data is calculated from growth rates of domestic absorption for China.
Historical Context
The PPP-adjusted GDP per capita is a crucial input for international economic analysis and policy decisions.
Key Facts
- China's PPP-adjusted GDP per capita was $17,700 in 2021.
- This indicator has grown by an average of 9.3% annually over the past decade.
- China's PPP GDP per capita is now around 25% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This indicator measures China's purchasing power parity (PPP) converted GDP per capita, adjusting for differences in domestic price levels to provide a standardized metric of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a crucial metric for comparing economic development and living standards across countries, making it highly relevant for international economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: This data is calculated from growth rates of domestic absorption for China.
Q: How is this trend used in economic policy?
A: The PPP-adjusted GDP per capita is a key input for a wide range of economic analysis and policy decisions, including international comparisons, trade negotiations, and development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of this data, as it requires extensive calculations and cross-country comparisons. Users should consult the source for the most up-to-date information and any known limitations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for China (RGDPL2CNA625NUPN), retrieved from FRED.