Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Malta
RGDPL2MTA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,980.53
Year-over-Year Change
22.24%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures purchasing power parity (PPP) converted GDP per capita for Malta, derived from growth rates of domestic absorption. It provides insights into the country's economic development and living standards 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 PPP-converted GDP per capita (Laspeyres) series adjusts Malta's GDP per capita to account for differences in price levels across countries, enabling more accurate international comparisons of economic activity and living standards. Economists and policymakers utilize this data to assess Malta's economic performance and competitiveness.
Methodology
The data is calculated based on growth rates of domestic absorption, which encompasses household consumption, government consumption, and investment.
Historical Context
This trend is widely used by economists, international organizations, and policymakers to evaluate Malta's economic progress and formulate appropriate policies.
Key Facts
- Malta's PPP-converted GDP per capita was $42,700 in 2021.
- Malta's economy has experienced steady growth in recent decades.
- PPP adjustments help account for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Malta's purchasing power parity (PPP) converted GDP per capita, which adjusts the country's GDP per capita to account for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of Malta's economic activity and living standards relative to other nations, enabling economists and policymakers to assess the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of domestic absorption, which encompasses household consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, international organizations, and policymakers to evaluate Malta's economic progress and formulate appropriate policies to promote further development and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the underlying domestic absorption growth rate information.
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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 Malta (RGDPL2MTA625NUPN), retrieved from FRED.