Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Luxembourg
RGDPL2LUA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,807.11
Year-over-Year Change
32.79%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted GDP per capita for Luxembourg, derived from growth rates of domestic absorption. It provides insights into the country's standard of living and economic productivity relative to other nations.
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 (Laspeyres) metric adjusts a country's GDP per capita to account for differences in purchasing power across economies. This allows for more accurate comparisons of living standards and economic output between countries.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This indicator is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- Luxembourg has one of the highest GDP per capita in the world.
- This metric adjusts for differences in price levels across countries.
- The data is derived from growth rates of domestic absorption.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power-adjusted GDP per capita for Luxembourg, which provides insights into the country's standard of living and economic productivity relative to other nations.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of living standards and economic output between countries, as it adjusts for differences in purchasing power across economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank.
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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 Luxembourg (RGDPL2LUA625NUPN), retrieved from FRED.